FDI inflow slips to $813 M in Aug

The inflow of foreign direct investments (FDI) fell by 14.5 percent to $813 million in August from $951 million in the same month last year, data from the Bangko Sentral ng Pilipinas (BSP) showed.

- KEISHA TA-ASAN

This is the lowest inflow in two months or since the $394 million in June. It was also 0.9 percent lower than the five-month high of $820 million in July.

"The decline in FDI net inflows during the month was due mainly to the contraction in nonresidents' net investments in debt instruments," the BSP said in a statement.

"Nonresidents' reinvestment of earnings also declined," it said.

Investments in debt instruments fell by 21.6 percent to $529 million in August from $675 million a year ago, while reinvestments of earnings declined by 9.4 percent to $217 million from $240 million.