Noynoy gets cold treatment
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It was clear that Noynoy came home empty handed from his recent trip to Thailand, where he supposedly met with the four biggest Thai corporations. What was clearly missing in his return report was a quoted investments figure.
In his past travels, the Palace would usually toss around figures of the supposed investments although most of the time these are mere commitments and are extrapolation of the cost of the projects that are exploring a possible location in the country.
More often than not, it is all propaganda, since so-called intent to invest, or even commitments from businessmen hardly ever translates to real investments.
The fact that foreign direct investments have dropped by 30 percent already shows the failure of Noynoy to get investors interested in the country..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20110530com1.html
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