British firms waiting for some bills’ passage to invest in PH

British firms waiting for some bills’ passage to invest in PH

British Chamber of Commerce of the Philippines (BCCP) Chairman Chris Nelson said British companies are waiting for the passage of the Retail Trade Liberalization Act and Public Services Act as a signal to invest in the Philippines.

Nelson added that the further easing of quarantine restrictions can encourage more British investments in the country. Currently, the BCCP is pushing for “longer-term” investment opportunities.

Further, Nelson noted that the uncertainties caused by Brexit can be seen as an opportunity to market the Philippines as a destination for investments and “gateway to Southeast Asia.”

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