2 weeks BSP says FDIs continued growth in July when COVID-19 lockdowns started easing Inquirer
MANILA, Philippines---More long-term capital from overseas entered the Philippines in July marking the third consecutive month of increases for this key economic barometer. The total foreign direct investment (FDI) tally for 2020, however, remained below levels recorded in the same period in 2019, according to central bank data. In a statement, the Bangko Sentral ng Pilipinas (BSP) said FDI net inflows continued its upward gallop in July, registering an increase of 35.2 percent year-on-year to $797 million from $590 million in the same period in 2019. "The FDI net inflows rose for the third consecutive month on the back of ... more