Inflows of foreign direct investments to the Philippines fell to a 10-month low in April amid global investors' uncertainties arising from geopolitical developments, data released by the Bangko Sentral ng Pilipinas on Wednesday showed.The BSP said FDI into the country yielded net inflows of $556 million in April, down 36.9% from $881 million net inflows seen in April 2023.
"Broken down, decline in FDI in April was amid the decrease in foreigners' net investments in debt instruments by 38.8% to $407 million from $665 million in April 2023.Foreigners' net investments in equity capital and their reinvestment of earnings also declined by 48.1% to $68 million from $132 million and by 4.2% to $81 million from $84 million, respectively.The BSP said equity capital placements in April emanated largely from Japan, the United States, Malaysia, and Singapore.