MANILA - Philippine imports surged 21.8% in January, their highest level in nearly three years, with imports of raw materials indicating further upward momentum for one of Asia's fastest growing economies, the government said Tuesday.
Tugboats pull a barge with a backdrop of Makati's financial district skyline, south of Manila. Philippine imports surged 21.8% in January, their highest level in nearly three years. (EPA photo)
It was the biggest rise since March 2011, when imports grew by 21.9%, National Statistics Office figures showed.
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