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Byline: Don Gil K. Carreon
FOREIGN direct investments (FDIs) are expected to rise 20% next year, even as multinational firms temper expansion plans to keep pace with a slowly recovering global economy, the Bangko Sentral ng Pilipinas (BSP) said yesterday.
"The latest BoP (balance of payment) projections indicate FDIs to get up to around $1.8 billion from around $1.5 billion this year. As the global economy recovers, obviously there will be a move towards expansion, but I don't think it will be rapid. There would be expansion but it would be moderate," BSP Governor Amando M. Tetangco, Jr. told reporters yesterday.
Latest data from the BSP showed that FDI …