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File photo MANILA - Net foreign direct investments (FDIs) in November 2022 stood at USD793 million, the Bangko Sentral ng Pilipinas (BSP) reported Friday. The central bank said net FDI inflows last November declined by 43.6 percent from USD1.4 billion net inflows in the same month in 2021. "This resulted from the drop in non-residents' net investments in debt instruments and reinvestment of earnings. Meanwhile, net placements of equity capital rose year-on-year for the third consecutive month," the BSP said in a statement. Rizal Commercial Banking Corp. (RCBC) economist Michael Ricafort said the drop in net inflows may be attributed to higher base effects in November 2021, when appetite for investments went back after the onset of the pandemic in 2020. "The slowdown in the net FDI data may also have to do with higher short-term interest rates and the peak in long-term interest rates in the United States/globally/locally around October-November 2022," Ricafort sa

San carlosNegros occidentalUnited statesFerdinandr marcos jrMichael ricafortBangko sentralRizal commercial banking corpCommercial bankingPresident ferdinandFile photo manila net foreign direct investments fdis in november 2022 stood at usd793 millionHe bangko sentral ng pilipinas bsp reported friday the central bank said net fdi inflows last november declined by 43 6 percent from usd1 4 billion in same month 2021 quot this resulted drop non residents 39 investments debt instruments and reinvestment of earnings meanwhileEt placements of equity capital rose year on for the third consecutive monthUot the bsp said ina statement rizal commercial banking corp rcbc economist michael ricafort drop in net inflows may be attributed to higher base effects november 2021Hen appetite for investments went back after the onset of pandemic in 2020 quot slowdown net fdi data may also have to do with higher short term interest rates and peak long united states globally locally around october november 2022Uot ricafort saidDding these developments increased borrowing costs he added the possible recession in us also dragged investment activities at latter part of 2022 further