Net FDI inflows drop in Jan — PH central bank
Credit to Author: The Manila Times| Date: Wed, 10 Apr 2019 06:22:02 +0000
NET foreign direct investment (FDI) inflows hit a two-month low in January, also dropping from a year earlier, the Bangko Sentral ng Pilipinas (BSP) announced on Wednesday.
Net inflows dropped by 38.2 percent or from $986 million to $609 million in the same month last year, the lowest since November 2018’s $535 million.
The central bank said the year-on-year decline in net FDI for January “reflected the 65.3 percent drop in equity capital placements to $184 million during the month from $531 million for the same period a year ago.” MAYVELIN U. CARABALLO
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