MANILA, Philippines—Long tern investments in the Philippines declined by over a tenth last September after four consecutive months of double-digit year-on-year growth as the lockdown in the preceeding month curtailed investor activity, according to the central bank.
In a statement, the Bangko Sentral ng Pilipinas (BSP) said the net inflow of foreign direct investments (FDIs) to the country contracted to $523 million in last September, which was lower by 12.3 percent than the $596 million net inflow posted in the same month in 2019.
“The two-week modified enhanced community quarantine in Metro Manila and surrounding areas in the first half of August may have dampened investor sent…
Keep on reading: Pandemic saps January-September long term investments in PH