Philippines Records Net Outflow Of FDI In March

11 June 2009 @ 02:56 am EDT

RTTNews - Philippines' foreign direct investments or FDI recorded a net outflow of US$27 million in March, in contrast to a net inflow of US$16 million in February, the Bangko Sentral ng Pilipinas said.

At the same time, the FDI showed a net inflow of US$44 million in first quarter, down 83.5% from a net inflow of US$266 million in the corresponding period of the previous year, the central bank said.

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