The Philippines saw 10.9% year-on-year growth in foreign direct investment in the first half of the year, second only to Malaysia's 14.4% among Southeast Asian nations, according to data from the United Nations Conference on Trade and Development. "This reflected the continued confidence of investors in the Philippine economy on the back of strong macroeconomic fundamentals," the Philippine central bank said in noting a July surge in FDI of 227% from a year before.

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