THE Bangko Sentral ng Pilipinas (BSP) said renewed investor fears about the spread of new coronavirus disease 2019 (Covid-19) strains around the world pulled net inflows of foreign direct investments (FDIs) to a one-year low in May.
Inflows fell by 25.4 percent to $429 million in the sixth month of 2021, compared to $575 million a year earlier, according to central bank numbers released on Tuesday. The amount is the lowest since April of last year, when it was $317 million.
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