MANILA (Philippine Daily Inquirer/ANN): Long-term foreign investments in the Philippines surged in the first month of this year, but the central bank (BSP) noted that this was before the government's stay-at-home orders that kept people away from offices and factories and resulted in economic contraction over the last three months.
In a statement, BSP said foreign direct investment net inflows grew by 12.1 per cent in January 2020 to reach $657 million from $586 million in January 2019.
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