Govt urged to tweak investment promotion strategy

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The story "Govt urged to tweak investment promotion strategy" was covered 1 weeks ago by Business Mirror, a news publisher based in Philippines.

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Govt urged to tweak investment promotion strategy - Business Mirror

Quick Summary:

If the Philippines wants to attract more foreign direct investments (FDIs), expanding its pool of investors and areas where these firms can invest could make the country an attractive place to do business.

The steepest decline in FDI this year was the 36 percent contraction recorded in April and the 29 percent posted in June 2024.“We should also be vigilant in attracting FDIs.

Meanwhile, nonresidents’ net investments in equity capital (other than reinvestment of earnings) expanded by 83.6 percent to $66 million from $36 million in August 2023.