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Foreign investments plunged by 44% to $793M in Nov 2022

Saturday, 11 February 2023
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The country's net foreign direct investments (FDI) plunged by 43.6 percent in November 2022 as investors preferred to put their funds in overseas markets, especially the United States. Data from the Bangko Sentral ng Pilipinas (BSP) show that net FDI in November settled at $793 million, down from $1.4 billion in the same month of 2021. This represents capital that actually moved, instead of avowed commitments or planned investments that may not push through, thus a better gauge of investor appetite.