Wednesday, January 9, 2013

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.

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