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Philippine FDI inflows down by 69.3 pct in Sept

Xinhua, December 12, 2016 Adjust font size:

The Philippines has registered a significant drop in the net foreign direct investments (FDI) inflows in September, reaching to only about 469 million U.S. dollars or 69.3 percent lower than a year ago, the local central bank said Monday.

FDI inflows in September last year hit 1.5 billion U.S. dollars.

"In particular, investments in debt instruments recorded lower net inflows of 296 million U.S. dollars, representing a year-on-year decline of 66.3 percent," the Bangko Sentral ng Pilipinas (BSP) said.

Equity capital posted net inflows of 138 million U.S. dollars, lower than the 600 million U.S. dollars registered last year.

Reinvestment of earnings amounted to 35 million U.S. dollars during the month.

For January to September, FDI inflows amounted to 5.9 billion U.S. dollars, higher by 25.3 percent than the 4.7 billion U.S. dollars in the same period last year. Endit