One bright spot was adjusted capital which surged 18.9 % year-on-year, the FIA noted.

From January to November, manufacturing and processing lured the lion's share of foreign investment with over 14.96 billion USD, making up 59.5% of total capital. It was followed by real estate with 4.19 billion USD, or 16.7%. Electricity production and distribution and science and technology were the runners-up with 2.26 billion USD and 1.03 billion USD, respectively.

Singapore was the top source of capital pledges during the period with 5.78 billion USD, accounting for 23% of the total. Japan came next with over 4.6 billion USD while the Republic of Korea ranked third with above 4.1 billion USD.

Others sources of foreign capital were China, China’s Hong Kong, and Denmark.