The Philippines aims to attract more international investment

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9 October 2019 à 12h01

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3 minutes

Publication: 9 October 2019 à 12h01

Reading time: 3 minutes

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Publication

9 October 2019 à 12h01

Reading time

3 minutes

Publication: 9 October 2019 à 12h01

Reading time: 3 minutes

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While the President Rodrigo Duterte has built close relationships with China, the Philippines aims to open new opportunities for international retailers. According to the World Bank, G.D.P. is expected to grow by 6.4 % in 2019 following the same pace as in 2018. The Senate is reviewing legislation as more favourable to Foreign Direct Investments (F.D.I.). Currently, foreign investors have to invest at least US$ 7.5 million to take 100% of their retail operations in the Philippines. As the bulk

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