Foreign direct investment into projects in Asia and the Pacific declined by 6 percent in 2010. This is the second consecutive year that the volume of foreign direct investment in the region fell, following its decline by 16 percent in 2009, the Financial Times says. The downward trend is the result of the strong performances of China and Australia, and, to a slight degree, Indonesia.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.