Data released by the central bank showed that FDI net inflows stood at $727 million in March, 9.8% lower than the $806 million recorded in the same month last year and the $893 million recorded in February.
FDI is a cross-border investment of an overseas resident having control or a significant degree of influence on the management of an enterprise that resides in the Philippines. Inflows for the month stemmed mostly from non-residents’ net investments in debt instruments of local affiliates, which grew by 45.1% to $543 million from $374 million last year.
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