MANILA, Philippines — The Foundation for Economic Freedom (FEF) is urging government to undertake a series of economic reforms to enable the country to lure China-based investments amid a worsening US-China trade war. FEF said the Philippines could become an alternative destination for thousands of companies seeking to avoid the US-China trade war because of its highly-skilled and English-speaking workforce. “However, the Philippines will have to do a lot of things to lure these factories in large numbers,” it said. It is also encouraging a “serious” and quick implementation of the government’s Build Build Build program to address the country’s infrastructure deficiency. “Our creaky infrastructure, from ports to roads, make doing business in the Philippines costly and inefficient,” FEF said.
Source: Philippine Star May 20, 2019 16:01 UTC