PEZA expects robust FDI inflow after nat’l elections
More foreign investments are expected to enter the Philippines after the national elections in May, said Philippine Economic Zone Authority Director General Charito Plaza.
In an interview with BusinessWorld, Plaza said that “investors’ enthusiasm and heightened hopes come after [the] election” as a new administration is set to lead the country.
She stated that “investors are watching the change of policies by the new administration affecting investments.” Investors typically seek more clarity on the possible policies by the incoming President before making any investment decisions.
The PEZA head added that the recently passed amendments for the Public Service Act, Retail Trade Liberalization Act, and Foreign Investments Act will also help increase the entry of FDIs in the Philippines.
The Philippines is set to hold its national elections on May 9. Last month, a Bloomberg survey revealed that current Vice President Leni Robredo was the top pick of 28 investors and analysts to become the next leader of the country.
