March 21, 2010
Philippines: FDIs and Strong Peso Boosting Economy Bunye
Published on April 12, 2007
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“Foreign Direct Investments (FDIs) and the strong peso are boosting us.”
Thus enthused Press Secretary and Presidential Spokesperson Ignacio R. Bunye over the report of the Bangko Sentral ng Pilipinas (BSP) that FDIs “recorded net inflows of US$357 million, or a year-on-year growth of almost 51 percent” in January 2007 alone.
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