The Philippines placed 17th out of 45 countries in Cushman and Wakefield’s manufacturing risk index (MRI), indicating further room for improvement in making manufacturing more attractive to investors. READ:
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The cost scenario scores countries higher for low operating costs, while the risk scenario favors countries presenting lower levels of economic and political risk. “Overall, the Philippines needs to clearly demonstrate its strength and arrest the weaknesses by dismantling the barriers that make it less competitive in any of the aforementioned factors,” the firm said.
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