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Byline: the staff
THE FLOW OF INVESTMENTS from one emerging economy to another (especially around the Asean region) is a recent global phenomenon that has piqued the curiosity of multilateral institutions. In the case of the Philippines, Indonesian money flowed in since the 1986 Edsa Revolution, courtesy of businessman Manuel Pangilinan, who helped build the Salim familys regional conglomerate, investing more than 80 percent of its assets in his home country and gaining control of major utilities and infrastructure. More recently, there was Malaysian money brought in by former trade minister Roberto V. Ongpin to help fund mergers and acquisitions in blue chips like San Miguel and Petron Corp.
However, the next wave of money to watch out foras some investment bankers predictmay be from Brunei. Investors from the oil-rich sultanate are said to be scrambling out of Thailand, …