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Philippines expects 4 billion USD in FDI attraction this year

The Foreign Direct Investment (FDI) inflow into the Philippines is estimated to increase by 40 percent, reaching 4 billion USD this year, according to Xinhua news agency, quoting an announcement of the Filipino Trade Department on November 5.
The Foreign Direct Investment (FDI) inflow into the Philippines isestimated to increase by 40 percent, reaching 4 billion USD this year,according to Xinhua news agency, quoting an announcement of the FilipinoTrade Department on November 5.

In 2011, the country saw at least 1.8 billion USD in FDI, and the figure rose by 55 percent to 2.8 billion USD in 2012.

Despite the high projection, the department expressed concern thatmultinational corporations that have set operations in the Philippinesare expanding, not via foreign direct investment but through domesticfunding.
There are over 1,000 foreign companies operating inthe Philippines but only a fifth of them have publicly declared theirinvestment and the source of it.-VNA
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