Philippines' Net FDI Falls 39% in January

Net foreign direct investment (FDI) into the Philippines plummeted 39% year over year to $443 million in January, according to data released by the Bangko Sentral ng Pilipinas.The latest figure was also down from $560 million in December.Japan was the leading source of FDIs during the month, with most inflows directed to the manufacturing sector, the central bank said.Equity capital placements also came mainly from Japan, the United States and South Korea, and were largely channelled into manufacturing, real estate, and wholesale and retail trade industries.

-- Net foreign direct investment (FDI) into the Philippines plummeted 39% year over year to $443 million in January, according to data released by the Bangko Sentral ng Pilipinas.

The latest figure was also down from $560 million in December.

Japan was the leading source of FDIs during the month, with most inflows directed to the manufacturing sector, the central bank said.

Equity capital placements also came mainly from Japan, the United States and South Korea, and were largely channelled into manufacturing, real estate, and wholesale and retail trade industries.