MANILA, Philippines — Economic policy and the volatile exchange rate have emerged as the top business concerns among German investors in the Philippines, who remain generally bullish on their business outlook for the country. “So these issues have to be addressed first and foremost,” said Peter Kompalla, executive director of the German Philippine Chamber of Commerce and Industry (GPCCI). Despite these concerns, however, German investors expressed a generally positive business outlook for the next 12 months, with 71 percent expecting it to be better, while only two percent see it worsening. The survey revealed that about 55 percent of the German companies in the country are keen to expand, while 52 percent intend to hire more. The AHK World Business Outlook is based on a regular survey among member companies of the German Chambers of Commerce Abroad, delegations and representative offices.

Source: Philippine Star June 01, 2018 15:41 UTC