Tuesday, March 12, 2013

TRIBUNE: The country's foreign direct investments (FDIs) for December 2012 SLID DOWN by 40 percent to just $20 million from $28 million in December 2011. However, it is very alarming for the FDI to hit only $28 million in December 2012 if the figure was over $100 million in November 2012. The figure for November 2012 was 72 percent lower than November 2011 when it was over $300 million. FDI is a direct investment into production or business in a country by a company in another country, either by buying a company in the target country or by expanding operations of an existing business in that country.

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