Net inflows of foreign direct investments fell by 46% in Jan
MANILA -The net inflows of foreign direct investments (FDI) to the Philippines fell by 46 percent in January to $448 million from $824 million in the same month last year.
In a statement, the Bangko Sentral ng Pilipinas said the decline in January was due to the decrease in non-residents’ net investments in debt instruments and equity capital.
Meanwhile, non-residents’ reinvestment of earnings increased slightly.
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“FDI net inflows declined during the month amid global economic uncertainties and high inflation, which continued to weigh on investor decisions,” the BSP said.
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