MANILA, Philippines – Net foreign direct investments (FDIs) remained steady last year despite plunging by 51 percent in December due to external shocks brought about by the interest rate hike in the US and the economic slowdown in China.
The Bangko Sentral ng Pilipinas (BSP) reported yesterday net FDI reached $5.72 billion last year from $5.74 billion in 2014. The amount, however, fell short of the $6 billion target set by the central bank.
