MANILA, Philippines –Investors from the US and Europe are now having second thoughts on the Philippines, with several manufacturing and business process outsourcing (BPO) companies opting to put their investments on hold while some are choosing to take them elsewhere. “The anti-American comments are beginning to harm some new opportunities for the Philippines, as we know several trade missions and BPO investment plans have been cancelled. “We do have information on cases of local European companies (in) manufacturing who put expansion on hold. Duterte earlier said he was not worried about driving away American and European investors as he could turn to China and Russia for investments. Despite such remarks, the EU and the UN vowed to remain a partner of the Philippines and assured it of continued assistance.

Source: Philippine Star October 09, 2016 16:52 UTC