By Katherine K. Chan, Reporter
THE PHILIPPINES saw short-term foreign investment inflows drop sharply in July amid persistent volatility, central bank data showed.
Transactions on foreign investments registered with the Bangko Sentral ng Pilipinas (BSP) through authorized agent banks yielded a net inflow of $66.47 million in July, plunging by 91.05% from $742.56 million a year earlier.
Month on month, this was 60.93% lower than the $170.12-million net inflow in June.
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