This is the lowest inflow in two months or since the $394 million in June. It was also 0.9 percent lower than the five-month high of $820 million in July.
"The decline in FDI net inflows during the month was due mainly to the contraction in nonresidents' net investments in debt instruments," the BSP said in a statement.
"Nonresidents' reinvestment of earnings also declined," it said.
Investments in debt instruments fell by 21.6 percent to $529 million in August from $675 million a year ago, while reinvestments of earnings declined by 9.4 percent to $217 million from $240 million.
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UST, DLSU Suspend Classes on EDSA Day
The Marcos administration may have made the EDSA People Power Revolution anniversary a working day, but some universities in Metro Manila will be keeping their campuses empty on Feb. 25 to allow students, faculty, and staff to join events commemorating the occasion.
DA Backs Proposed P380/Kilo Max SRP on Pork
The Department of Agriculture (DA) is open to enforcing a maximum suggested retail price (SRP) of P380 per kilo of pork, as suggested by a farmers' group.
LTO Revokes License of Angkas CEO
The Land Transportation Office yesterday revoked the driver's license of Angkas CEO George Royeca after he took full responsibility after a convoy of motorcycle riders of the ride-hailing app obstructed traffic at an intersection in Cainta, Rizal on Feb. 4.
Rice max SRP lowered; P49/kilo seen in March
Authorities are expecting the maximum suggested retail price of rice to decline to P49 per kilo by March after the Department of Agriculture (DA) on Saturday enforced a max SRP of P52 per kilo.
Go Receives Golden Legacy Award at PHC's 50th Anniversary
Sen. Bong Go, chairman of the Senate committee on health, joined the 50th anniversary celebration of the Philippine Heart Center last Sunday at the Manila Hotel, where he was honored with the Golden Legacy Award in recognition of his commitment to strengthening the country's health care system.
16 Soldiers Awarded Gold Cross for Anti-Insurgency Work
Sixteen soldiers were given Gold Cross Medals yesterday for their efforts in neutralizing a top Communist Party of the Philippines-New People's Army (CPP-NPA) commander and her followers.
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Ex-VP Leni's X account hacked
Former vice president Leni Robredo confirmed yesterday that her X (formerly Twitter) account had been hacked.
285 gun ban violators nabbed in MM
The National Capital Region Police Office (NCRPO) has nabbed nearly 300 people for violating the six-week-old gun ban imposed for the upcoming midterm elections.
BOC raids net P1.76-B hot cars
Following the raid in which smuggled vehicles valued at P1.4 billion were seized in Pasay and Parañaque cities last Thursday, the Bureau of Customs-Customs Intelligence and Investigation Service (BOC-CIIS) recently uncovered more high-end luxury cars, bringing the total value of the seized vehicles to P1.766 billion.
