• Foreign direct investment up 57% in May


    THE Bangko Sentral ng Pilipinas (BSP) has reported that foreign direct investment (FDI) in May surged year-on-year but dropped from the level a month ago when net inflows hit a year high.

    The net inflow in May rose by 57 percent to $572 million from $365 million a year, but fell 34 percent from the one-year high of $874 million posted in April, data showed.

    “All FDI components yielded net inflows during the month,” the Bangko Sentral said Thursday. MAYVELIN U. CARABALLO


    Please follow our commenting guidelines.

    Leave A Reply

    Please follow our commenting guidelines.