Data released by the Bangko Sentral ng Pilipinas (BSP) on Monday showed that FDI net inflows rose by 48.3% to $989 million in April from $667 million in the same month in 2021. READ:
Keisha B. Ta-asan
Metro Manila and most areas in the country have been under the most lenient alert level since March, as coronavirus infections declined. President Rodrigo R. Duterte in March signed into law Republic Act No. 11659, which amended the PSA to allow up to 100% foreign ownership in airports and airlines, subways and railways, telecommunications, domestic shipping, and tollways and expressways.
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