Philippines March net FDI outflow $27 mln
Published: 10 Jun 2009 17:25:41 PSTMANILA, June 10 -The Philippines recorded a net outflow of $27 million in foreign investment in March amid the global downturn, causing inflows to fall more than 83 percent in the first quarter from a year earlier, the central bank said on Wednesday.
The March net outflow compared to an inflow of $149 million in the same month last year. For the first quarter, net inflows fell to $44 million from $266 million a year ago.
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