Foreign direct investments in the Philippines

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FOREIGN direct investments (FDI) pierced a full-year official target to hit “a record high” last year despite falling to a five-month low in December, the Bangko Sentral ng Pilipinas (BSP) reported on Monday, even as central bank data show bigger inflows elsewhere in Southeast Asia and a report of the Organization of Economic Cooperation and Development (OECD) called for reforms to attract more capital. Read the full story.