PH still ideal investment destination for Chinese biz

The Philippines remains an ideal investment destination as investors and businesses continue to look at the country to grow their businesses despite the pandemic.

Department of Trade and Industry Undersecretary and Board of Investments Managing Head Ceferino Rodolfo made this statement before the members and officers of the Chinese Enterprises Philippines Association during a briefing with the group on the latest business environment policies in the country, including the recently-enacted Corporate Recovery and Tax Incentives for Enterprises or CREATE Act.

He said the government is strongly optimistic of a post-pandemic recovery as the fundamental structure and strength of our economy remains intact.

Rodolfo cited the latest employment data from October 2020 to January 2021 which showed that around 1.4 million jobs were already restored following the coronavirus lockdowns in the country.


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