FDI hit 3-month high of $590M in February

MANILA, Philippines – Net foreign direct investment (FDI) inflows into the Philippines climbed to a three-month high of $590 million in February, just before the Middle East conflict rattled markets and damped investors’ appetite for risk. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed inflows exceeded outflows by $590 million during the month,