Aquino: PH Ready for New Zealand Investors
by: Sarah Joson
Thursday, October 25, 2012
During the Philippine-New Zealand Business Forum, President Benigno Aquino III mentioned the hard work his administration has done to restore order. The administration battled corruption, reformed budget provisions, and implemented stricter rules in sourcing. He then quipped that now is the time to invest in the Philippines.
He added that the current government was able to accomplish crucial factors that were not addressed by his recent forerunners, one of which is to possess a business environment based on fairness and integrity. His administration was also able to promote transparency and equality among businesses.
Furthermore, he informed New Zealand investors that they can find the right partners based on their competency and not through political favors or “under the table” processes. Other industries and products such as electronics, home furnishings, and garments were also mentioned by the President.
According to the President, the robust business process outsourcing (BPO) industry had contributed $.7.38 billion in revenues for 2011, fuelled by customer-oriented Filipino workers.