Net inflows of foreign direct investments fell 14.1 percent in April to $876 million from $1 billion a year ago, pulled down by elevated inflation and sluggish global growth, the Bangko Sentral ng Pilipinas said Monday.
“The decline in FDI may be attributed to concerns over slowing economic growth and relatively high inflation levels globally,” the BSP said in a statement.
Data from the BSP showed that net investments in debt instruments declined by 7.7 percent to $663 million, but comprised most of the country’s FDI for the period. Meanwhile, net equity investments other than reinvestment of earnings registered the highest decline of 33.8 percent to $136 million.
Bulk of the equity capital placements in April came from Japan, the United States and Singapore. They went mostly to manufacturing, real estate, and financial and insurance industries.
Net inflows in the first four months also went down by 18 percent to $2.9 billion from $3.6 billion a year earlier.
