Philippines' foreign investments yield net inflows in July

▲The Philippines.

The Philippines' foreign investments yielded net inflows of 962 million U.S. dollars in July, the Philippine central bank said Thursday night.

The Bangko Sentral ng Pilipinas (BSP) said the July net inflows resulted from the 1.6 billion gross inflows and the gross outflows of 614 million dollars for the month.

"The recorded net inflows are an improvement from the previous month's net inflows amounting to less than 1 million dollars," the BSP said in a statement.

The 962 million dollars net inflows in July were a reversal from the 103 million dollars net outflows recorded for the same period a year ago, the BSP added.

Source: Xinhua

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