Philippines sees 35% jump in FDI net inflows in June

LANTERNS inspired by the Philippine flag line the street in San Fernando, Pampanga. Net inflows of foreign direct investment into the Philippines dropped to a three-month low in March. — PHILIPPINE STAR/WALTER BOLLOZOS

By Katherine K. Chan, Reporter

FOREIGN direct investment (FDI) net inflows to the Philippines jumped by 35% year on year in June, even as they fell to a two-month low, central bank data showed.

Based on preliminary Bangko Sentral ng Pilipinas (BSP) data released on Thursday, FDI net inflows jumped by 35.1% to $447 million in June from the revised $331 million in the same month last year.

This was the second month in a row that FDI net inflows posted annual growth.