By Katherine K. Chan, Reporter
NET INFLOWS of foreign direct investments (FDIs) into the Philippines declined by nearly 31% year on year in February, the Bangko Sentral ng Pilipinas (BSP) said.
Preliminary BSP data showed FDI net inflows fell by 30.99% to $590 million in February from $855 million in the same month last year.
Month on month, however, FDI net inflows increased by 33.18% from the $443 million recorded in January, marking the highest monthly level in three months.
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