10.01.2014 - Norway invests $500mln PHL stocks, equities
Norwegian Foreign Minister Borge Brende on Thursday said Norway’s Sovereign Wealth Fund, the largest in the world at $850 billion, has invested more than $500 million (P23.385 billion in the peso-dollar exchange rate on Thursday) in Philippine stocks and equities. In talks with Foreign Secretary Albert F. del Rosario, the visiting Norwegian official said: “This is reflective of the great opportunities here in your country.” He added that the Philippines’s 7-percent economic growth was something Norway hopes would continue. “We also discussed with the secretary the importance of this growth being inclusive and that this growth would create necessary jobs.”..................................Full Article: Source
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