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Foreign direct investment at $509 million in December, full year down to $6.5 billion: BSP

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/business/03/11/20210304-covid19-gcq-one-year-gc-8215.jpg"/><figcaption>A view of the buildings at the Makati Central Business District on March 4, 2021. <em>George Calvelo, ABS-CBN News/File</em></figcaption></figure></div><p>MANILA - The Philippines booked a lower foreign direct investment inflows in December 2020, pushing the full year total to contract by 24.6 percent, the Bangko Sentral ng Pilipinas said.</p><p>The $509 million (P24.7 billion) net inflows in December 2020 is 62.6 percent lower compared to $1.4 billion net inflows recorded in the December 2019, it said. </p><p>For the entire 2020, FDi net inflows totaled $6.5 billion, 24.6 percent lower compared to $8.7 billion in 2019, the BSP said in a statement.</p><p>&quot;The disruptive impact of the pandemic on global supply chains and the weak business outlook adversely affected investor decisions in 2020,&quot; the central bank said.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/12/28/20/ph-books-227-m-hot-money-net-inflows-in-november">PH books $227-M &#x27;hot money&#x27; net inflows in November</a></li></ul><p>BSP Governor Benjamin Diokno earlier said foreign direct investments could recover this year.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/07/27/20/fdis-to-recover-in-2021-after-taking-virus-hit-bsp">FDIs to recover in 2021 after taking virus hit: BSP</a></li></ul><div><strong>FROM OUR ARCHIVES:</strong> </div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/2gs1bERzg0k?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>The Philippines booked a lower foreign direct investment inflows in December 2020, pushing the full year total to contract by 24.6 percent, the Bangko Sentral ng Pilipinas said.</p>

The Philippines booked a lower foreign direct investment inflows in December 2020, pushing the full year total to contract by 24.6 percent, the Bangko Sentral ng Pilipinas said.