June net FDI inflows hit $430M

NET foreign direct investments (FDI) hit a nearly two-year low of $430 million in June and fell from the figure posted in the same month last year, the Bangko Sentral ng Pilipinas (BSP) announced on Tuesday.

The latest figure — the lowest since July 2017’s $352.32 million and a 48.5-percent decrease from $836 million a year ago — brought the year-to-date tally to $3.57 billion, down 38.8 percent from the amount recorded in the first half of 2018.