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Foreign direct investments fall 20% in January

Foreign direct investments fall 20% in January

Provided by Philippine Daily Inquirer.

Photo of Bangko Sentral ng Pilipinas building
The Bangko Sentral ng Pilipinas (BSP) headquarters in Manila. —INQUIRER FILE PHOTO


MANILA, Philippines -- Foreign direct investments (FDI) continued to decline in January amid global uncertainties that made investors rethink their expansion plans.

FDI net inflows amounted to $731 million in January, declining by 20 percent year-on-year, the Bangko Sentral ng Pilipinas (BSP) reported.

The BSP attributed the sharp decline to a 37.7 percent slump in inter-company borrowings between multinational firms and their local affiliates to $519 million.

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AFP-JIJI PRESS NEWS JOURNAL


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