Net FDI inflows rise to highest level in 2 months

Net inflows of foreign direct investments hit its highest level in two months in March, but remained smaller than those posted a year earlier on the back of the lingering effects of the coronavirus disease 2019 (Covid-19) pandemic on investment appetite, the Bangko Sentral ng Pilipinas (BSP) said on Friday.

Central bank data showed that March inflows declined by 18.5 percent to $507 million from $622 million in the same month last year, but improved on February’s $505 million and was the widest since January’s P657 million.