May FDI fall slows to 6.8% from April’s 43%

FOREIGN direct investment (FDI) in the Philippines dropped 6.8 percent year-on-year in May as non-residents continued to show diminishing net placements in debt instruments and reinvested earnings, but the fall marked a substantial deceleration from the 43 percent plunge recorded in April, official data showed on Monday.

FDI in May stood at $403 million, down from $433 million posted in the same month last year, according to data released by the Bangko Sentral ng Pilipinas (BSP).