FDI inflows grow 12.1% in Jan before quarantine

Foreign direct investment (FDI) inflows grew by 12.1% in January compared to the same period last year, reaching $657.1 million.

The Bangko Sentral ng Pilipinas attributed this growth to continued investor confidence despite global economic uncertainties, noting that these figures were recorded before the implementation of community quarantine measures due to COVID-19.

However, FDI inflows dropped by 42.98% from December's $1.153 billion, with January's figure being the lowest since November's $623 million.