The Market Monitor Minding the Nation's Business
Foreign direct investment (FDI) recorded US$548 million net inflows in March 2023, lower by 30.7 percent than the US$792 million net inflows in the same month in 2022. The said decline resulted from lower net inflows across all major FDI components amid investor concerns over subdued global growth prospects.
Equity capital placements during the month originated mostly from Singapore, Japan, and the United States. These were directed mainly to the 1) manufacturing; 2) information and communication; and 3) real estate industries.
For the first quarter of 2023, FDI net inflows likewise decreased by 19.6 percent to US$2.0 billion from the US$2.5 billion net inflows recorded in the comparable period last year.