The Philippines still has a lot of catching up to do in attracting foreign direct investments, even if FDIs for the full-year 2013 rose by 20 percent to $3.9 billion.
Net FDIs for the whole of 2013 rose from $3.2 billion in 2012, because of good macroeconomic numbers, as well as foreign firms funding the expansion of their local units, the Bangko Sentral ng Pilipinas (BSP) said in a statement.
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