This is a re-posted article.
LOW INTEREST rates and a large, skilled labor force bode well for foreign direct investments, the central bank chief said at a conference yesterday, but speakers there noted that inflation risks, red tape, and power costs would have to be addressed as well to continue to lure business.
"The average inflation for the last three consecutive years has been within the target. With low inflation, domestic interest rates have been kept low," Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. said at the second day of Euromoney-sponsored Philippines Investment Forum.
This should help bring about conditions that would encourage foreign businesses to invest, he added.
Read the full article: https://www.bworldonline.com/content.php?section=TopStory&title=Tetangco-says-country-poised-for-investments&id=49186
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Source: Business World, March 29, 2012
To view the original article, click here.
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