Davao City (16 February) -- Davao City cornered the biggest slice of Foreign Direct Investments of newly registered corporations where it posted a 144 percent increase last year.
Securities and Exchange Commission Davao extension office head Atty. Javey Paul Francisco said that total paid up capital under FDI last year amounted to P45.7 million from 82 registrants against P18.7 million for 54 under new investments in 2006.
Francisco noted that about 60 percent of these foreign investors are from Korea. > > > [ full story ]
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