philstar.com

Foreign investments rebound 25% in August

Foreign direct investment (FDI) net inflows into the Philippines rebounded by nearly 25 percent in August as foreign investors put more equity into local businesses and reinvested a larger share of their earnings, although cumulative inflows remained below last years level. Preliminary data from the Bangko Sentral ng Pilipinas showed net FDI inflows jumped by 24.9 percent to $690 million in August from $552 million in the same month last year. The amount was virtually unchanged from the $689 million recorded in July.

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