NET foreign direct investment (FDI) inflows posted a month-on-month drop in June but were still higher from a year ago, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.

Net inflows plunged by 49.5 percent to $831 million from May’s $1.645 billion, central bank data showed. Compared to a year earlier, it was up 9.2 percent from $761 million.

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