Nov 10, 2008
Jan-Aug FDI drops 56% to $1.1B
Agence France-Presse
Inquirer.net
MANILA, Philippines — Foreign direct investments in the Philippines plunged 56.3 percent from a year earlier to $1.1 billion in the eight months to August amid the global financial crisis, the central bank said Monday.
For August, net FDI inflows rose 58 percent to $128 million, a central bank statement said.
The January-August total was significantly lower than the year-earlier level of $2.49 billion, “partly reflecting the more challenging global financial environment,” the bank said.
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