FDIs fall to 16-month low as high rates, geopolitical tensions bite

Foreign direct investments (FDI) in the Philippines fell to their lowest level in 16 months in May, as persistently high inflation created a headache for investors who are already worried about geopolitical tensions. Data released by the Bangko Sentral ng Pilipinas (BSP) showed FDIs posted a net inflow of $499 million in May, down by
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