Net inflows of foreign direct investments into the Philippines fell by 85.2% to $110 million in December from $743 million in the same month in 2023. — PHILIPPINE STAR/EDD GUMBAN
By Katherine K. Chan, Reporter
Net inflows of foreign direct investments (FDI) in the Philippines plunged to a near 10-year low of $250 million in April, as heightened global uncertainty dented investor sentiment, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Based on central bank data released on Friday, FDI net inflows declined by 58.8% to $250 million in April from $607 million in the same month last year.
April saw the lowest monthly level seen since the $244 million in June 2016, and the steepest year on year drop since the 76.1% in December 2022.
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