Gov't urged to address ease of doing business, corruption to attract investments


Posted at Aug 31 2018 04:30 PM

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MANILA - Improving the ease of doing business and addressing graft and corruption could make the country more attractive to foreign investors, the head of a European trade group said Thursday.

Investment is all about trust and confidence, Guenter Taus, president of the European Chamber of Commerce in the Philippines (ECCP) told ANC. 

“To put in money you look at countries not only the Philippines, you look at ASEAN as a whole, which country do I have most trust in and who has the most stable political situation?,” Taus said. 

"We need to urge government again to make sure that it is easier to do business in the Philippines moving forward," he added.

Approved foreign investments in the first 3 months of the year grew to P14.2 billion, its lowest level in nearly eight years, government data showed.