Philippines opens the door to foreign retailers

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11 January 2022 à 10h51

Updated on 13 January 2022 à 16h20

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1 minute

Publication: 11 January 2022 à 10h51, Updated on 13 January 2022 à 16h20

Reading time: 1 minute

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Publication

11 January 2022 à 10h51

Updated on 13 January 2022 à 16h20

Reading time

1 minute

Publication: 11 January 2022 à 10h51, Updated on 13 January 2022 à 16h20

Reading time: 1 minute

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On December 10th 2021, President Rodrigo Dutertre, as part of a strategy for economic recovery, revised regulations controlling Foreign Direct Investment (FDI) in the retail sector.

After a period of recession due to Covid-19 the second and third quarters of 2021 announced recovery of economic growth. G.D.P. increased to 12% and 7.1% respectively. Although the country (110 million people) is attractive for retailers, as shown by Skechers’ strategy, it is difficult for inte

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