Finance Secretary Benjamin Diokno on Wednesday encouraged members of the Chinese Filipino Business Club to do more business in the country as the Philippines is now in a “very good shape” for investments. Know more:
FINANCE Secretary Benjamin Diokno on Wednesday encouraged members of the Chinese Filipino Business Club to do more business in the country as the Philippines is now in a “very good shape” for investments.
“We are the fastest-growing country in this fastest-growing region; we can compete with Indonesia and Vietnam,” he added. These reforms, Diokno said, are the amendments to the Retail Trade Liberalization Act , Foreign Investments Act , and the Public Service Act , which relaxed foreign restrictions on investments in the country.
He said the significant changes that have been engineered in the country allow for the entry of more investments. He cited the so-called Strategic Investment Priority Plan that lists projects that are eligible for investments.
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