Net FDI up in October but drop year to date

By Eireene Jairee Gomez

Jan 12, 2023 12:20 am

Foreign direct investment (FDI) net inflows grew by 6.3 percent year-on-year to $923 million in October, the Bangko Sentral ng Pilipinas (BSP) reported late on Tuesday.

'Despite the global economic headwinds, FDI net inflows rose on account of the increase in non-residents' net investments in debt instruments and equity capital of their local affiliates,' the central bank said in a statement.

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