THE Philippines’ international investment position (IIP) came in at a net liability position of $68.3 billion at the end of June, up 9.8% from a quarter earlier, the Bangko Sentral ng Pilipinas (BSP) said. Year on year, the net liability widened 44.1% to $47.4 billion. The net position refers to the difference between assets and liabilities and represents either a net claim on or a net liability to the rest of the world. Foreign direct investment rose 3.1% from a quarter earlier to $134.2 billion at the end of June, the BSP said. Additionally, nonresidents’ net investments in debt instruments issued by residents increased 2.7% to $72.1 billion,” it added.