PH Still Asia’s Sweet Spot
According to Rick Santos, President of the American Chamber of Commerce of the Philippines (AmCham) at a meeting of the Joint Foreign Chambers (JFC) of the Philippines in Makati City, the country is still the hottest market in the region.
The JFC meeting was conducted to talk about the seven policy notes released in a previous forum held last March. These notes entail certain development recommendations for specific sectors such as agriculture, creative industries, infrastructure, mining, manufacturing and logistics, and tourism. As expected, the business process outsourcing sector is also one of its priorities.
Considering that the BPO industry is triggering the growth of office spaces in the country, the Chambers said they will “continue to push for the REIT Law and amendments” to attract more foreign investors. Santos said that they will “push for inclusive growth with the next administration.”
Bearing in mind the issues surrounding the Philippines--such as the new administration this July, the South China Sea dispute,the Trans-Pacific Partnership signing, and the negotiations between Europe and the Philippines regarding the Foreign Trade Agreement--Santos emphasized that the theme of inclusion is very timely in light of these recent events.