“The Philippines presents a wellspring of investment opportunities for the Middle East business community,” Diokno said in a presentation livestreamed on the Department of Finance Facebook page.
He said that within the first 100 days of the Marcos administration, the guidelines of the Build-Operate-Transfer Law and those of the Investment Coordinating Committee were revised. The NEDA joint-venture guidelines were also enhanced to align with the IRR of the BOT Law. He said the government is establishing a stable and predictable public private partnership policy environment that aims to bring about a better quality infrastructure and services while allowing private players the reasonable rate of return of their investments.
“Aside from PPPs, the Philippines is open to investments from both domestic and global firms engaged in strategically important projects and activities,” Diokno said. Balisacan said the Marcos administration is committed to prioritizing infrastructure development in Mindanao―one of the country’s most promising regions because of its significantly untapped potential for various growth drivers, particularly in agriculture and agro-processing.
Bangko Sentral ng Pilipinas Deputy Governor Francisco Dakila Jr., meanwhile, expressed optimism that inflation would continue to be manageable in the coming months, which augurs well for the further expansion of the domestic economy.
Source: News Formal (newsformal.com)
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MlaStandard - 🏆 20. / 55 Read more »
Source: sunstaronline - 🏆 18. / 59 Read more »
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Source: MlaStandard - 🏆 20. / 55 Read more »
Source: MlaStandard - 🏆 20. / 55 Read more »