MANILA - The Philippines booked net inflows of foreign direct investments (FDI) amounting to US$531 million in November last year, down 45.9 percent from the same month in 2017, the central bank said Monday.
The Bangko Sentral ng Pilipinas (BSP) said the decline was due largely to the drop in net investments in debt instruments, which fell to $333 million from $724 million in the same month in 2017.
Net investments of equity capital also slipped to $137 million from $202 million in November 2017.
From Jan-Nov, net FDI inflows reached $9.1 billion.
The Philippines posted a record $10.1 B in net FDI inflows in 2017.
To reach that, December 2018 net FDI inflows should hit at least $996 million.