INTERAKSYON TV: RATING UPGRADE WON'T AUTOMATICALLY LEAD TO FDI FLOWS, BUSINESSMEN CAUTION
" The upgrade significantly improves the climate for financial investments, but for brick and mortar FDI, market size and competitive production costs are more critical factors than financial ratings," said AmCham senior adviser John D. Forbes. Benjamin Diokno, economics professor at the UP, said the investment grade rating is "good news." Diokno agreed that the upgrade won't lead to a surge in FDIs for the Philippines. "FDI inflows depend on a different set of variables such as cost of doing business, state of public infrastructure including existence of sufficient, affordable and reliable power supply, policy consistency and credibility," he said.
" The upgrade significantly improves the climate for financial investments, but for brick and mortar FDI, market size and competitive production costs are more critical factors than financial ratings," said AmCham senior adviser John D. Forbes. Benjamin Diokno, economics professor at the UP, said the investment grade rating is "good news." Diokno agreed that the upgrade won't lead to a surge in FDIs for the Philippines. "FDI inflows depend on a different set of variables such as cost of doing business, state of public infrastructure including existence of sufficient, affordable and reliable power supply, policy consistency and credibility," he said.
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