By Luisa Maria Jacinta C. Jocson, Reporter
THE PHILIPPINES’ foreign direct investment (FDI) net inflows jumped by 23% year on year to $686 million in March, bringing the first-quarter inflows to nearly $3 billion, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Net inflows plunged by 49.8% in March from $1.366 billion in February, based on the data.
The FDI net inflows in March were the lowest in five months or since the $670 million recorded in October 2023.
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