Philippines eyes foreign investors to rev up recovery from pandemic


Customers eat without the usual plastic barriers on tables as the government places the capital on the lowest rung of a five-step pandemic alert system on Tuesday, March 1, 2022, in Manila, Philippines. Traffic jams and outdoor crowds were back in the Philippine capital and 38 other cities and provinces Tuesday after officials allowed businesses and public transport, including shopping malls, movie houses and restaurants, to operate at full capacity as Covid-19 cases continued to drop with more vaccinations, officials said. - AP

MANILA, March 5 (Xinhua): The Philippines has put "pro-business" measures to lure foreign investors into the Southeast Asian country recovering from the two-year Covid-19 pandemic.

"Visit us and witness the recovery and revival of many of our enterprises as we have now allowed greater mobility, greater opening of the economy, and thanks to our high vaccination rate," Trade Secretary Ramon Lopez said in a recent speech.

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Philippines , Moves , Govt , Rev Up , Economy , Eyeing , Foreign Investor

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In