FDI inflows reduced 55% y/y to USD 50mn in August.

By bne IntelliNews November 11, 2011
Philippines inflows of Foreign Direct Investment (FDI) reduced 55% y/y to USD 50mn in August this year, owing to consistent global economic concerns. As reported by Dow Jones International News, FDI inflows reduced 19% y/y to USD 810mn during the first eight months of the year, as compared to USD 1bn posted during the same period last year. The countrys reinvested earnings totaled USD 278mn as foreign enterprises got motivated by the country's buoyancy amidst global economic volatilities and retained their earnings in the country.

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