Net inflows of foreign direct investments (FDI) sank to $6.54 billion last year, their smallest in five years, but breached the full-2020 estimate of the Bangko Sentral ng Pilipinas (BSP). By component, net investments in equity capital shrank by 35.7 percent to $1.47 billion from $2.29 billion year-on-year. For December alone, FDI net inflows decreased by 62.6 percent to $509 million from $1.36 billion a year earlier. This resulted from equity capital placements dropping by 87.8 percent to $97 million from $800 million and equity capital withdrawals easing by 42.9 percent to $20 million from $34 million. Net investments in debt instruments also dipped by 2.6 percent to $71 million from $73 million in December 2019.

Source: Manila Times March 10, 2021 16:29 UTC