(Sa gitna ng economic liberalization measures ng Duterte admin) U.S. INVESTORS INAAKIT NG PH

NILILIGAWAN ni Finance Secretary Carlos Dominguez III ang American investors na magbuhos ng investments sa Pilipinas sa gitna ng economic liberalization measures ng administrasyong Duterte.

“Now is the best time to do business in the Philippines,” wika ni Dominguez sa virtual economic briefing na inorganisa ng Philippine Embassy sa Washington DC nitong Huwebes.

“This year, we are well on our way to returning to normal with the Philippine economy expected to expand further between 7 and 9%,” ani Lopez.

“Our economy is recovering rapidly. In the last quarter of 2021, our GDP (gross domestic product) grew by 7.7%, making the country’s expansion the highest in the ASEAN (Association of Southeast Asian Nations) region and among our credit rating peers globally,” pagbibida pa ng Finance chief.

Sinabi ni Dominguez na ang pagpapatibay kamakailan sa amendatory bill sa  Retail Trade Liberalization Act (RTLA), kasama ang Congress-approved amendments sa Public Service Act (PSA) at  Foreign Investments Act (FIA) na naghihintay na lamang ng pirma ni Presidentr Rodrigo Duterte, ang kumumpleto sa set ng economic reform initiatives na nagbigay-daan para ang Pilipinas ay maging pangunahing investment destination sa rehiyon.

“These three forward-looking measures widen the horizon for investments. They create numerous opportunities for synergy between local and international firms. There is now enough space for international firms to form joint ventures with Filipino companies, especially those at the cutting edge of information technologies,” sabi ni Dominguez sa may 200 American business leaders at policymakers na nagtipon-tipon via teleconferencing sa naturang briefing.

Hinikayat ng kalihim ang American investors na magtayo o palawakin ang kanilang retail trade operations sa Pilipinas, ngayong sa bagong RTLA ay ibinaba na ang minimum paid-up capital requirement para sa foreign corporations sa  $500,000 mula $2.5 million.

“Foreign retailers who want to open more than one physical store can now expand through a lower minimum investment of $200,000 per store, compared to the previous requirement of $830,000 per store.”