MANILA, Philippines — Foreign direct investments to the Philippines rose by nearly a tenth in June, bringing first semester inflows to more than half the central bank target. According to the Bangko Sentral ng Pilipinas on Tuesday, net FDI inflows amounted to $831 million in June, 9.2 percent up from $761 million in the same period a year ago. The latest figure brought the year-to-date tally to $5.755 billion net inflow, up 42.4 percent year-on-year. In 2017, FDI rose to a record high of $10 billion. Broken down, equity placements or new FDI rose more than seven times to $1.585 billion in the first six months, data showed.

Source: Philippine Star September 10, 2018 12:11 UTC