INQUIRER: HSBC: MORE FDIS MAY FLOW TO ASEAN, EXCEPT PHILIPPINES
Despite its favorable demographics, the Philippines continues to MISS OUT on a greater share of FOREIGN DIRECT INVESTMENTS due to a "restrictive" foreign ownership policy and "UNCOMPETITIVE" BUSINESS environment, British banking giant HSBC said. The Philippines has the WORST COMPETITIVENESS RANKING in the ASEAN, according to the WORLD BANK.
Despite its favorable demographics, the Philippines continues to MISS OUT on a greater share of FOREIGN DIRECT INVESTMENTS due to a "restrictive" foreign ownership policy and "UNCOMPETITIVE" BUSINESS environment, British banking giant HSBC said. The Philippines has the WORST COMPETITIVENESS RANKING in the ASEAN, according to the WORLD BANK.
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