September Foreign Direct Investments Down 69%

Foreign direct investments went down by 69% to $469 million in September from $1.53 billion in the same month last year, with equity placements declining 86.4% and withdrawals falling by 96.6%. These were attributed to concern about the impending interest rate hike in the US. Despite the sharp decrease, inflows expanded 25.3 percent to $5.87 billion in the first nine months from $4.69 billion in the same period last year…

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