LOCAL enterprises are urged to take advantage of the benefits from trade agreements with Europe such as the European Union (EU) Generalized Scheme of Preferences Plus (GSP+) and the free-trade deal with the European Free Trade Association (EFTA). In last month’s briefing, Swiss Ambassador to the Philippines Alain Gaschen said…
MANILA - The administration's "Build, Build, Build" infrastructure program is expected to continue attracting foreign investments to Clark to create a new metropolis outside Metro Manila. During the Clark business conference Tuesday, Clark Development Corp. (CDC) Business Development and Business Enhancement Group vice president Rhyna Ventura said CDC has attracted PHP3.68 billion of foreign investments last year, 43 percent higher than the PHP2.6 billion approved foreign investments in 2020. She said these foreign investment commitments will create 6,690 jobs. Ventura said aside from foreign investments, the number of Filipino investments in CDC increased by 16 percent in the same period. National Economic and Development Authority (NEDA) officer-in-charge Undersecretary for Investment Programming Group Roderick Planta said many of the infrastructure projects under the "Build, Build, Build" program are benefitting Central Luzon, especially attracting investment
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The ECCP chief said it is now easier for the European telcos to enter the country as the 40 percent ownership limit on public utilities will be lifted. “We know who they are. We know they’re very keen,” Wittig said.
The European Union has strongly urged the Philippines to fully implement the economic reform measures to end its long-held image as a mere secondary market in ASEAN for EU investors. In a presentation at the virtual presscon for the launch of the European Chamber of Commerce of the Philippine (ECCP