MANILA, Dec. 10 (Xinhua) -- The foreign direct investment (FDI) into the Philippines fell by 36.2 percent year-on-year in September this year to 368 million U.S. dollars, the Philippine central bank said Tuesday.

The Bangko Sentral ng Pilipinas (BSP) attributed the downturn to the 32.8-percent decline in non-residents' net investments in debt instruments, which dropped to 277 million dollars from 413 million dollars in September last year.

The BSP added that non-residents' net investments in equity capital other than reinvestment of earnings fell by 91.2 percent to 7 million dollars from 83 million dollars.

"This was mitigated slightly by the 3.6-percent growth in non-residents' reinvestment of earnings to 84 million dollars from 81 million dollars in September 2023," the BSP said.

The bank said the bulk of the equity capital placements in September 2024 were sourced from Japan, the United States, and Singapore, and were invested mainly in the manufacturing, real estate, information and communication, as well as wholesale and retail trade industries.

For the first nine months of 2024, FDI net inflows settled at 6.7 billion dollars, a growth of 3.8 percent from the same period last year, the BSP said. Enditem

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