Net FDI rises to 7-month high in May

Aug 11, 2018 12:26 am

NET foreign direct investment (FDI) inflows more than doubled in May from a year earlier and also hit a seven-month high, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

Net inflows for the month surged by 142.9 percent to $1.645 billion from $677 million last year with the bulk coming from intercompany loans, central bank data showed.

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