Foreign direct investment (FDI) net inflows dropped to $250 million in April, the lowest in nearly a decade, according to the Bangko Sentral ng Pilipinas (BSP). Philstar Biz reported that global uncertainties kept investors cautious.
The BSP attributed the sharp decline to persistent geopolitical tensions and tightening monetary conditions abroad, which dampened risk appetite among foreign investors. April's figure marks a significant drop from the $567 million recorded in the same month last year.
The country's FDI performance in April was the weakest since July 2013, reflecting a cautious foreign investment climate amid global economic headwinds. The BSP expects FDI to recover gradually as uncertainties subside.