NET INFLOWS of foreign direct investment (FDI) in February soared to its highest level in over two years, data from the Philippine central bank showed.
Data from the Bangko Sentral ng Pilipinas (BSP) showed that FDI net inflows climbed by 29.3% to $1.364 billion in February from $1.055 billion in the same month a year ago.
This was its highest level in 26 months or since the $2.662-billion net inflows recorded in December 2021.
Month on month, FDI net inflows increased by 50% from $907 million in January.
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