Net foreign direct investments (FDI) surged in September from a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported on Monday, but were lower than the previous month’s 16-month high.

At $754 million, September’s net inflow was 61.8 percent higher year on year, central bank data showed. August’s tally, however, was larger at $1.20 billion.

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