By Luisa Maria Jacinta C. Jocson, Reporter
NET INFLOWS of foreign direct investment (FDI) into the Philippines slid in August mainly due to a sharp decline in investments in debt instruments, data from the central bank showed.
Net inflows dropped by 14.5% to $813 million in August from $951 million a year ago, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.
Month on month, inflows dipped by 0.9% from $820 million in July.
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