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Risk aversion tagged as net FDI falls in April

NET foreign direct investments (FDIs) remained positive in April but were lower compared to a month and a year earlier, the Bangko Sentral ng Pilipinas reported on Wednesday.

At $556 million, the net inflow was 36.9 percent lower compared to the P881 million seen in April last year. It was also down from March's $686 million.