Wednesday, 25 January 2012

PHL could attract $75-B FDI

Business Mirror

BUSINESS groups belonging to the Joint Foreign Chambers (JFC) on Tuesday expressed confidence of increased foreign investments this year that could amount to $75 billion, with investors beginning to take notice of the administration’s policy reforms to improve the business climate.

Last year the group forwarded to Malacañang 471 recommendations to propel the growth of seven “big winner sectors” in the country. It said the proposals, if implemented, would allow the country to attract about $75 billion in foreign direct investments (FDI).

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