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Economy

Duterte's tax reform puts brake on foreign investments

Philippine FDI fall for first time since 2015 as investors await clarity on policy moves

Foreign investors have become nervous over Philippine President Rodrigo Duterte's tax reform.   © Reuters

MANILA -- Foreign direct investments in the Philippines fell 4.4% on the year to $9.8 billion in 2018, as investors grew nervous that President Rodrigo Duterte's proposed tax reform could hurt the country's investment environment.

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