By Luisa Maria Jacinta C. Jocson, Reporter
NET INFLOWS of foreign direct investments (FDIs) into the Philippines rose by 5.5% year on year in July to hit a five-month high, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
Data from the central bank showed FDI net inflows increased to $820 million in July from $778 million in the same month a year ago.
This was the highest FDI inflow in five months or since the $1.366 billion recorded in February.
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