July FDI net inflows hit $1.3 billion

By Katherine K. Chan, reporter

NET INFLOWS of foreign direct investments (FDI) into the Philippines declined in July but hit their highest level in a year, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
FDI net inflows went down by 7.5% to $1.268 billion in July from $1.37 billion the same month a year ago, but was the highest monthly tally seen since.