By Luisa Maria Jacinta C. Jocson, Reporter
NET INFLOWS of foreign direct investments (FDI) fell to their lowest level in over four years in September, data from the Bangko Sentral ng Pilipinas (BSP) showed.
The central bank on Tuesday reported FDI net inflows slumped by 36.2% to $368 million in September from $577 million in the same month a year ago.
This was also the lowest monthly FDI inflow in 53 months or since the $314 million recorded in April 2020. To recall, strict lockdowns to curb the spread of the coronavirus disease 2019 (COVID-19) were in effect in April 2020.
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