MANILA  -The net inflows of foreign direct investments (FDI) into the Philippines fell for the third month in a row in May, this time by 34 percent to $488 million from $739 million in the same month of 2022. 'The decline in FDI net inflows reflected the 70.7-percent contraction in nonresidents' net investments in debt instruments to $161 million from $551 million in the same month last year,' the Bangko Sental ng Pilipinas (BSP)said in a statement. 'FDI remains subdued due to the effects of relatively higher price and interest rate levels globally,' the central bank added.

https://business.inquirer.net/415254/long-term-capital-flows-to-ph-decline-for-3rd-straight-month

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