PH FDI goes up by 3.9% or over $6-B as of end-August
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NewsTranscript
00:00The local stock market dropped to 0.53% with the main index closing at 7,000.2 as the mining
00:08sector declined due to falling gold prices. Trading was light with 548 billion shares
00:14worth 3.84 billion pesos. The 14.5% drop in foreign direct investments or FDI in August,
00:23along with weaker gold prices and concerns over potential US interest rate hikes, fueled
00:30investor caution and contributed to the market downturn.