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- The Philippines, in recent years, has taken steps to open new sectors of the economy to foreign investment. Amendments to the Public Services Act (PSA) opened sectors such as railways, airports, expressways, and telecommunications to 100 percent foreign ownership.
www.state.gov/reports/2024-investment-climate-statements/philippines/
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May 18, 2023 · But perhaps most importantly, the country is opening up more to foreign investment in a bid to further spur growth. The Philippines is currently welcoming expertise to help it sharpen its competitive edge and make an impact in future industries.
Foreign direct investment (FDI) inflows shrank to USD 9.2 billion in 2022, down 23 percent from USD 11.9 billion in 2021. Since 2010, the Philippines has lagged regional peers in the Association of Southeast Asian Nations (ASEAN) in attracting foreign investment.
2 days ago · Investment has flourished in a variety of sectors due to the close economic relationship between the two countries. Goods and services trade between the United States and the Philippines reached an estimated $36.1 billion in 2022, with exports at $12.8 billion and imports at $23.3 billion. The United States is among the Philippines’ top ...
May 28, 2024 · The Philippines, which has for more than a decade lagged behind its south-east Asian counterparts in attracting foreign investment, is seeking funds to bolster its infrastructure and...
2 days ago · Foreign and domestic businesses may register with one of the Philippines’ 19 investment promotion authorities, including the Philippine Board of Investment and the Philippine Economic Zone Authority (PEZA). These authorities are split based on geographic regions and industry strengths, such as the manufacturing and logistics network in Luzon, the tourism cluster throughout Luzon and Mindanao ...
16 hours ago · The Philippine Statistics Authority (PSA) reported that foreign investment commitments in the second quarter of 2024 reached P189.50 billion, a 220.7% increase from P59.09 billion in the same ...
