April net foreign investment inflows shrink by 14%

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MANILA -The online inflows of overseas direct investments (FDI) into the Philippines shrank by 14 % to $876 million in April from $1 billion in the identical month of 2022.

“The decline in FDI could also be attributed to considerations over slowing financial progress and comparatively excessive inflation ranges globally,” the Bangko Sentral ng Pilipinas mentioned in a press release.

The largest part of FDI inflows — web funding in debt devices — fell by 7.7 % to $663 million from $718 million.

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