Can Philippines turn reforms into gains in Southeast Asia’s FDI race?
• President Ferdinand Marcos Jnr is implementing a series of business-friendly reforms to attract foreign direct investment (FDI) and compete with regional rivals like Vietnam and Malaysia. • Key initiatives include new laws regarding taxation and governance, extended land leasing options, and ambitious infrastructure upgrades to the nation's power grid, ports, and railways. • These efforts aim to capitalize on the global shift of supply chains as companies move operations away from China due to ongoing trade tensions and tariffs with Washington.
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