Policy reforms needed to attract investments

Defining the News

The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. shares the optimism of other local business groups about the Philippines achieving upper middle-income country status by 2025, but emphasizes the need for policy reforms to attract more investments and accelerate economic growth.

Pedro noted the challenges faced by potential investors in obtaining visas to enter the country, highlighting the need for streamlined processes to attract foreign capital. Pedro acknowledged that investments are coming in, but stressed the need to catch up with neighboring ASEAN countries like Vietnam, Thailand, and Malaysia, which receive a larger share of foreign direct investments.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PH: 1st resupply mission in WPS after China dealDefining the News
Read more »

Oil slick may impact Cavite, Pampanga, and BulacanDefining the News
Read more »

LVMH's publicity in Olympics ceremony raises eyebrowsDefining the News
Read more »

Upset bishops and mixed reviews for Paris Olympics ceremonyDefining the News
Read more »

'Dream come true' for Olympic debutant, 58, despite lossDefining the News
Read more »

LVMH's publicity in Olympics ceremony raises eyebrowsDefining the News
Read more »