Foreign Investments Seen Coming after the Elections
Byline: FIL C. SIONIL
The level of foreign direct investments and portfolio investments for this year have been projected to improve substantially, but, only after the presidential election scheduled in May.
According to Bangko Sentral ng Pilipinas (BSP) Deputy Governor for banking services, research and treasury Amando M. Tetangco, Jr., inflows on both foreign direct investments and portfolio investments otherwise known as FDI and hotmoney, respectively, will be bigger after the new leader of the country has been known.
Tetangco stressed, however, that this situation is just as normal, considering that most of the foreign investors, particularly foreign …
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Publication information: Article title: Foreign Investments Seen Coming after the Elections. Contributors: Not available. Newspaper title: Manila Bulletin. Publication date: January 3, 2004. Page number: Not available. © 2009 Manila Bulletin Publishing Corp. COPYRIGHT 2004 Gale Group.
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