FDIs brace for global recession as inflows retreat in SeptemberUnlike the so-called “hot money” which enters and leaves markets with ease, FDIs are firmer commitments that provide jobs for Filipinos, so the government wants to attract more FDIs and not only keep existing ones. MANILA, Philippines — Foreign direct investments into the Philippines continue to be strained in September as a projected global economic recession dampened investor sentiment. Data released by the Bangko Sentral ng Pilipinas on Monday showed that while FDIs amounted to $626 million in net inflows, this was lower by 7.9% year-on-year. The BSP projected the Philippines would rack up $11 billion in net FDI inflows this year, higher than the actual $10.5 billion generated last year. Data broken down revealed that equity capital placements, a measure of new FDIs, skyrocketed 158.7% year-on-year to $230 million in September.

Source: Philippine Star December 12, 2022 09:52 UTC