Net inflows of foreign direct investments fell in first quarter

ABS-CBN News

Posted at Jun 10 2019 05:35 PM

MANILA - Net inflows of foreign direct investments (FDI) in the Philippines fell in the first 3 months of the year, the Bangko Sentral ng Pilipinas said Monday. 

The country booked $586 million in net inflows of foreign direct investments in March, which was lower by 13.9 percent than the $681 million booked in the same month last year. 

For the first quarter of 2019, net inflows of FDI reached $1.9 billion, which was 15.1 percent lower than $2.3 billion registered in the same period in 2018. 

Equity capital infusions during the period emanated mainly from Japan, China, the United States, Singapore, and South Korea, the BSP said.