Favorable developments expand FDI

Favorable local developments enabled net inflows of foreign direct investments (FDIS) to achieve a two-month high in March, enough to raise the year-to-date amount, according to the Bangko Sentral ng Pilipinas (BSP).

Inflows in the third month of 2021 increased by 139.5 percent to $808 million, up from $337 million a year ago, central bank figures showed on Thursday. The sum is the highest since $961 million in January.