The government’s economic team is wooing more American investors to consider the Philippines as a destination of choice for business expansion.
Balisacan said that despite various external risks, including the global economic slowdown, geopolitical tensions and election-related uncertainty in major economies, the Philippine government is actively seeking out investment and trade opportunities as it implements projects crucial to the country’s socioeconomic transformation.
“Through the President’s policy issuances, we have underscored the government’s strong commitment to promote the ease of doing business,” he said.The government is expecting a significant boost to growth and job creation from the accelerated rollout of the ‘Build-Better-More’ infrastructure flagship projects, valued at about $161.7 billion or P9.14 trillion, and the government’s flagship housing program which aims for the construction of about 3.3 million housing units by 2028.
Balisacan said with the increasing share of the working-age population, investors can expect demand to rise over the next few decades.
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