MANILA, Philippines --- A surge of long term equity inflows in February failed to reverse a weak start forinvestments into the Philippines as fewer multinational firms sent funds to their local units coupled with an increase in capital withdrawals, the central bank said Friday. In a statement, the Bangko Sentral ng Pilipinas (BSP) said that total foreign direct investments reached $1.4 billion in the January-February period -- lower by 15.7 percent than the $1.6 billion net inflows registered in the comparable period last year. "The decrease in FDI net inflows during the period was due mainly to the 67.1 percentdecline in non-residents' net equity capital investments as placements de...
Keep on reading: February surge fails to lift long term investments into PH dip in first two months
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