FDI net inflows down 36.9 pct in Jan-Sept

ABS-CBN News

Posted at Dec 10 2019 11:32 PM

MANILA - The Philippines booked $556 million in net inflows of foreign direct investments in September, lower by 2.9 percent compared to the same month in 2018, the Bangko Sentral ng Pilipinas (BSP) said Tuesday.

This brought FDI net inflows for the first three quarters of the year to $5.1 billion, down 36.9 percent from the $8.1 billion booked in the same period last year. 

The BSP said the slowdown in inflows reflected the adverse effects of the prolonged trade disputes, which continued to affect global growth negatively. 

The BSP said this has prompted foreign investors to hold off their investment plans in emerging markets including the Philippines, until global growth outlook improves.