Pacquiao’s winning compared with RP’s earnings in foreign investments; difference of $4 M

Manila, Philippines----Manny PacquiaoManny Pacquiao: The Filipino boxing hero's reported earnings from his previous fight with his British opponent Ricky HattonRicky Hatton was just $4 million shy of the $16 million foreign investments that the entire Philippines earned in foreign investments this year.

Not including his pay-per-view earnings, Pacquiao reportedly got $12 Million in his "Battle of East versus West: Pacquiao vs Hatton match" last May 2 at the MGM Grand Garden Arena in Las Vegas, Nevada. He knocked his much bigger and taller British boxer opponent in less than 6 minutes.

Pacquiao however said that the Philippines has been losing investment deals with foreigners.

Just this February, the inflow of FDI, or foreign direct investments, dropped by 82 percent in comparison to the $90 million receipts in the same month, since last year.

FDIs are considered a better vote of foreigners' confidence in the Philippines than "hot money," or those that are invested in listed shares or debt issues of local companies.

FDIs are usually invested in industries that opens up employment and spur downstream ventures.

Paula Isaiah L. Panganiban