The fallacy of PH’s $6.2-B FDI

LIKE the emperor who wore no clothes, PNoy seems to believe the overly rosy picture painted by his economic managers that his administration had achieved record-breaking foreign investment growth. This despite widespread evidence that Filipinos aren’t really better off today than when he took over almost five years ago.

In a recent speech before big business, PNoy bragged that the country achieved a record high $6.2 billion in foreign direct investments (FDIs) in 2014.