ECCP: PHL to attract ‘billions’ after easing investment caps - BusinessWorld Online

The European Chamber of Commerce of the Philippines (ECCP) is expecting the Philippines to attract “billions” worth of investments after various industries were cleared to receive up to 100% foreign ownership. READ:

ACENERGY.COM.PH

ECCP President Lars Wittig said at a launch of event in Makati City on Thursday that the group is expecting “billions of dollars” worth of foreign direct investment into industries like renewable energy . Mr. Wittig said that there should be an increased efforts to create green and resilient infrastructure, and to prioritize the wellness and education of the workforce.Doing Business in the Philippines 2023The guide updates the previous edition released in 2020.publication gives vital information to investors seeking to expand in or enter the Philippine market,” Mr. Wittig said.

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