PH Records $320-M Net FDIs in September
Manila: Foreign Direct Investments (FDIs) in the Philippines recorded a net inflow of USD320 million (PHP18.96 billion) in September, the Bangko Sentral ng Pilipinas (BSP) reported Wednesday. Japan emerged as the leading source of FDIs, with the manufacturing sector being the primary recipient of these investments during the month. According to Philippines News Agency, the data released by the BSP indicated that the net inflow for September was lower than the previous month’s USD514 million and last year’s USD432 million. By the end of September, the total FDIs reached USD5.54 billion, a decline from the previous year’s USD7.1 billion, which