FDI net inflows lower in January

ABS-CBN News

Posted at Apr 10 2019 03:28 PM

MANILA - The Philippines booked $609 million in net inflows of foreign direct investments (FDI) in January, down 38.2 percent from the same month last year, according to central bank data.

The decline in FDI net inflows reflected a drop in equity capital placements and an increase in equity capital withdrawals, the Bangko Sentral ng Pilipinas said

Equity capital withdrawals in January 2019 were mainly from Japan, the BSP said.

FDI net inflows hit $9.8 billion last year, lower by 4.4 percent compared to the record $10 billion booked in 2017.