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.
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 that
multinational corporations that have set operations in the Philippines
are expanding, not via foreign direct investment but through domestic
funding.
There are over 1,000 foreign companies operating in
the Philippines but only a fifth of them have publicly declared their
investment and the source of it.-VNA