FDI inflows surged to 7-month high in August

MANILA, Philippines — Net inflows of foreign direct investments (FDI) to the Philippines rose to a seven-month high in August, though the overall investment picture remained challenging as global headwinds continued to fray investor nerves. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed FDIs posted a net gain of $690 million, up 24.9 percent