NET inflows of foreign direct investments (FDI) in April hit its lowest level in 11 months, reflecting the continued impact of the coronavirus disease 2019 (Covid-19) pandemic on investor sentiment, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.

Central bank data showed that April inflows declined by 67.9 percent to $311 million — the smallest since May 2019’s $280 million — from $971 million a year earlier.