MANILA, Philippines — Net inflow of foreign direct investments in the Philippines fell in the first half, as market volatility and concerns on the country’s growth momentum prompted investors to place their capital elsewhere.
Latest data from the Bangko Sentral ng Pilipinas (BSP) showed FDI inflows surpassed outflows by $3.4 billion in the January-June period, falling by nearly 18 percent from the same period last year.
READ: FDI sinks to over decade low amid investor jitters
Article continues after this advertisement
The first-half tally accounted for nearly 49 percent of the BSP’s revised full-year estimate of a $7-billion net inflow. In June alone, net inflow amounted to $447 million, a two-month low.FEATURED STORIES
