11 months ‘Pass Citira bill, ease restrictions to boost FDI’ Manilatimes |Biz
LOOSENING economic restrictions and passing the second package of the government’s tax reform program would help increase foreign direct investments (FDI) in the country, economic managers said on Tuesday. “As far as FDI is concerned, we really need to just open up the economy. There are too many restrictions,” Socioeconomic Planning Secretary Ernesto Pernia said at the Economic Journalists Association of the Philippines (EJAP) Economic Forum in Manila on Tuesday, calling these “really critical.” As of May, FDI inflows reached $242 million, the lowest since March 2015’s $200 million, according to the Bangko Sentral ng Pilipinas (BSP).
“Protectionism” ... more