PHL’s July FDI inflows up 5.5% to $820M, a 5-mo high

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PHL’s July FDI inflows up 5.5% to $820M, a 5-mo high - Business Mirror

Quick Summary:

THE country received its highest level of foreign direct investments in five months, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).

In the January to July period, BSP data showed FDIs grew 7.5 percent to $5.256 billion from $4.888 billion last year.

In terms of net investments in equity capital—other than reinvestment of earnings—the BSP said it posted a 16.8-percent increase to $76 million from $65 million in July 2023.