The net inflows of foreign direct investments into the Philippines shrank by 14 percent to $876 million in April from $1 billion in the same month of 2022. | RonWDomingoINQ /PDI
MANILA -The net inflows of foreign direct investments into the Philippines shrank by 14 percent to $876 million in April from $1 billion in the same month of 2022.
“The decline in FDI may be attributed to concerns over slowing economic growth and relatively high inflation levels globally,” the Bangko Sentral ng Pilipinas said in a statement.The biggest component of FDI inflows — net investment in debt instruments — fell by 7.7 percent to $663 million from $718 million.
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