Philippines FDI Surges: Coca Cola deal implicated
The country reported a surge in FDI flows in the first quarter of this year. The positive news needs to be taken with a little pinch of salt as FDI into the Philippines is notoriously volatile.
On June 11, the Philippines’ central bank, Bangko Sentral ng Pilipinas reported that foreign direct investment increased 72.4 % in the first quarter compared to the same period in 2011. Equity capital placements reaching $1 billion played a large role in the jump.
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