MANILA -The web inflows of international direct investments (FDI) into the Philippines grew by 13 % to $1 billion in February from $926 million in the identical month final 12 months.
The Bangko Sentral ng Pilipinas stated the rise was because of the increased non-residents’ web investments in debt devices.
On the opposite hand, web fairness capital placements in addition to reinvestment of earnings decreased.
The BSP stated “foreign investors remained cautious amid persistent and broadening global inflation.”
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