7-mo FDIs down 16.5% to $3.9B

The net inflow of job-creating foreign direct investments (FDIs) in the first seven months continued to fall behind year-ago levels, falling 16.5 percent to $3.9 billion, the latest Bangko Sentral ng Pilipinas data released yesterday showed. In July alone, FDIs declined by a faster 37.9 percent to $307 million from $493 million in the same month last year, reversing the 182.7-percent year-on-year jump posted in June. "This was mainly on account of the decline in investments in debt instruments to $105 million from $407 million, which outweighed the more than five-fold increase in net equity capital. The surge in net equity capital to $131 million was due mainly to the increase in e...Keep on reading: 7-mo FDIs down 16.5% to $3.9B

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