Net foreign direct investments (FDI) surged by 76.3 percent in August from a year earlier, driven by intercompany borrowings, but year to date the tally was down 27.1 percent amid continued global uncertainties.

The Bangko Sentral ng Pilipinas on Tuesday reported that FDI had hit $526 million in August, up from the $229 million recorded in same month last year.

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