Breaking News, World News and Taiwan News.

Foreign investors remain cool on Philippines, seek greater stability

AFP
July 21, 2011, 11:37 am TWN

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

MANILA -- Foreign investors remain reluctant to put money on the Philippines despite reforms by President Benigno Aquino, locally-based Western and Asian business leaders said Wednesday. A year into Aquino's six-year term, the U.S., Europe, Australia-New Zealand, Japan and South Korean chambers said investors wanted stronger assurances that laws and policies were stable.

The comments came as the Asian Development Bank (ADB) said the country still suffered from red tape, weak rule of law and unpredictable policies, all of which were holding back foreign investment.

The central bank said foreign investment inflows to the Philippines in the four months to April fell 15 percent to US$552 million and the chambers suggested this was dwarfed by capital flows to many of its neighbors.

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

	PREVIOUS ARTICLE
	HSBC shunning private business from Americans outside the US

NEXT ARTICLE
UK first half Internet retail sales up 19%, exceed industry forecast

Sponsors
▪	GlobalMarket.com is the largest China suppliers B2B directory can help you find quality made in China products, Promotional Products.
▪	The best place to buy custom tailored prom dress for your big day is at JennyJoseph.com
▪	Buy cheap eyeglasses online and save up to 80% over regular retail price when you buy prescription eyeglasses at cheapglasses123.com.
▪	Select hotel by map and save 75% in thousands hotels in Canton, Beijing and 500 cities in China.
▪	"JJshouse is the leading supplier of all kinds of dresses. You can buy your favorite prom dresses here."
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Myreviewsnow.net offer you the power of making informed purchases before you buy, with product reviews and online consumer myreviewsnow.net.
▪	Save 75% for all hotels in Shanghai, Beijing and whole China. Lowest rates for Flights in China.
▪	EyewearCanada.com offers prescription glasses from $5.95. 100% Satisfaction guaranteed.