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Foreign direct investments declined in August on the back of lower inflows to debt instruments during the period, data released by the Bangko Sentral ng Pilipinas on Monday showed.The August FDI — a key source of jobs and capital for the local economy — posted a net inflow of $813 million in August, down from $820 million in July and 14.5% lower than the $951 million during the same month last year.The central bank attributed the decline to the 21.
Net equity investments for the month were recorded at $66 million, lower than the $76 million in the previous month but higher than the $36 million in August 2023.“These equity capital placements emanated largely from Japan and the United States and were mostly invested in the manufacturing, real estate, and electricity, gas, steam, and air-conditioning supply industries,” the BSP said.
Foreign Direct Investments Bangko Sentral Ng Pilipinas
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