Net foreign direct investments (FDI) declined in February, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday, but the year-to-date the tally showed sustained growth compared to the same period last year.

The central bank said FDI registered a net inflow of $349 million, a 2.9-percent drop from the $359 million recorded in February 2015 due to lower net inflows from intercompany borrowings.

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