Net FDI inflows drop to 3-mo low

NET foreign direct investments (FDI) hit a three-month low in August and fell from the figure posted in the same month last year, which according to an analyst may continue until such time that the proposed reform on tax incentives become clear.

The Bangko Sentral ng Pilipinas (BSP) data released on Monday showed the net FDI of $416 million in August was the lowest since May’s $242 million, and a 45.11-percent decrease from the $758 million in the same month last year.