By Luisa Maria Jacinta C. Jocson, Reporter
NET INFLOWS of foreign direct investments (FDIs) into the Philippines nearly doubled in January, amid strong demand for local debt instruments, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.
Preliminary BSP data showed that FDI net inflows surged by 89.9% to $907 million in January from $478 million in the same month in 2023.
Month on month, net inflows rose by 9.8% from $826 million recorded in December.
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