Business

Foreign direct investment (FDI) net inflows rose for the third consecutive month this year, according to the Bangko Sentral ng Pilipinas (BSP). Data from the BSP showed net FDI inflows reached $686 million in March 2024, a 23.1 percent increase year-over-year. The expansion was driven by nonresidents' net investments in debt instruments, which grew 19.0 percent year-on-year to $465 million from $391 million in March 2023. Nonresidents' net investments in equity capital...