Chinese investors urged to expand in PH
The Department of Trade and Industry (DTI) urged representatives of the Chinese Enterprises Philippine Association (CEPA) to expand their businesses in infrastructure, equipment manufacturing, and information technology in the Philippines.
Trade Undersecretary and Board of Investments (BOI) Managing Head Ceferino Rodolfo pitched the country as an “ideal investment destination” despite the ongoing pandemic, as it “remains competitive not only in terms of attracting foreign investments but also in cementing its business-friendly positions.”
Rodolfo said the government is optimistic about the country’s post-pandemic recovery. He also cited that 1.4 million jobs were restored, based on DTI’s latest labor force data and the steady manufacturing index.
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