Net FDI inflows drop 29% in Septhome/Business/Top Business/Net FDI inflows drop 29% in SeptNet foreign direct investments (FDI) dropped to their lowest level in six months in September, data from the Bangko Sentral ng Pilipinas (BSP) showed. “This developed as equity capital withdrawals of $187 million exceeded equity capital placements amounting to $69 million,” the Bangko Sentral said of September’s slump. “During the period, equity capital infusions originated largely from the United States, Japan, Macau, Hong Kong and China,” it added. The bulk of net FDl inflows came in the form of net placements in debt instruments, which rose by 24.3 percent from a year ago to $609 million. Net FDI inflows for January to September, meanwhile, were driven largely by $5.524 billion in net investments in debt instruments, which were 19.6 percent higher reckoned from a year earlier.

Source: Manila Times December 11, 2018 16:18 UTC