Net FDI for Jan hits 2-mth high of $919M

Foreign direct investments (FDI) hit a two-month high in January, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday, with higher net equity capital inflows having offset lower reinvested earnings and intercompany loans.

Central Bank data showed net FDI inflows of $919 million during the first month of 2018, up from $699 million a month ago and also 56.7 percent higher than the $587 million recorded a year earlier.