MANILA, Philippines — Elevated inflation and challenging global economic conditions continue to take their toll on the country as the net inflow of foreign direct investment (FDI) plunged last year, the Bangko Sentral ng Pilipinas said.

BSP data showed that in the 11 months to November last year, net FDI inflow slipped by 13.3 percent to $7.58 billion from $8.74 billion in the same period in 2022.

This is almost 95 percent of the $8 billion total expected FDI inflow for 2023. FDI can be in the form of equity capital, reinvestment of earnings and borrowings.

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https://www.philstar.com/business/2024/02/13/2332870/fdi-inflow-slows-inflation-stings

Published : 24-Feb-2024