Foreign direct investments slower by 85% in May 2019

MANILA, Philippines – For the 4th time in 2019, foreign direct investments (FDI) plummeted and stood at just $242 million in May, 85.1% lower than the recorded $1.6 billion in 2018, said the Bangko Sentral ng Pilipinas (BSP).

The BSP said the dismal FDI figure was due to a decline in net ...