Manila, June 10 -- Net inflows of foreign direct investments (FDIs) reached USD498 million in March this year, the Bangko Sentral ng Pilipinas (BSP) said.

Data released on Tuesday showed that the recorded net inflows during the month was down by 27.8 percent than the USD689 million in March last year.

FDIs include investments by a non-resident direct investor in a resident enterprise whose equity capital in the latter is at least 10 percent, and investments made by a non-resident subsidiary or associate in its resident direct investor. The latter can be in the form of equity capital, reinvestment of earnings, and borrowings.

The BSP said the decline in the FDI net inflows resulted in lower net inflows across all major FDI components. ...