Foreign direct investments (FDIs)-which the government is banking on to generate much-needed jobs - swung to a net inflow in May, boosted by a turnaround of equity capital placements and intercompany borrowings, the Bangko Sentral ng Pilipinas (BSP) said in a statement yesterday.
May, in turn, helped drive net FDI to rise by a third in the first five months of the year.
|Source Institution||Securities and Exchange Commission|
|Place of Publication||Mandaluyong City|
|Original Publication Date||August 12, 2014|