The net inflows of FDI to the Philippines fell by 46 percent in Jan. to $448 million from $824 million in the same month last year. | RonWDomingoINQ /PDI
MANILA -The net inflows of foreign direct investments 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.“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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