Net FDI Inflow Into Philippines Exceeds US$1 Bln In Jan-July

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Foreign Direct Investment inflows into Philippines reached US$1.2 billion during January to July, the Bangko Sentral ng Pilipinas Governor Amando Tetangco said Monday. FDI for the year-to-date period, thus increased 33.8% from the same period of last year. The improvement in FDI flows was primarily traced to net equity capital infusion of US$1.3 billion, which outweighed the net outflows in the other capital account.

In July, net FDI inflow grew 8.1% to US$347 million. The bulk of FDI inflows in July was accounted for by U.S. investments in a local beverage manufacturing firm. At the same time, net inflows of equity capital reached US$315 million.

Foreign Direct Investment inflows into Philippines reached US$1.2 billion during January to July, the Bangko Sentral ng Pilipinas Governor Amando Tetangco said Monday. (Market News Provided by RTTNews)