Govt urged to tweak investment promotion strategy

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.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesChinaIndonesiaJapanMalaysiaNetherlandsSingaporeThailandUnited States

Topics: Businessmirror Told University Percent Million Investments August Philippines

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 01:08:44 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1092 words

Reading Time: 7 minutes read

Sentences: 36 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23540338

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 9 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

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Publication Timezone: GMT +8:00

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Publisher ID: #37

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