by: Sarah Joson
Monday, September 30, 2013 | Outsourcing News |
During the recent bi-annual Philippine economic briefing, government officials noted that the Philippines is still an attractive investment hub for local and foreign stakeholders, even with the persistent issues that are plaguing the country.
The two key issues are the ongoing standoff between the MNLF and the Philippine army in Zamboanga, and the mounting P10-billion pork barrel scam involving several senators.
According to John Martin Miller, CEO and Chairman at Nestle Philippines, the country has a supportive and active government that properly deals with the challenges, which helps create a good image for future and current investors.
Finance Secretary Cesar Purisima lauded the Aquino administration for handling the PDAF (Priority Development Assistance Fund) scandal well. The secretary said the transparent treatment of the government on the issue proves the maturity of the administration. Moreover, Purisima noted that Filipinos are likewise participating actively in fighting corruption by eliminating PDAF and act against those who misused it. Meanwhile, Budget Secretary Florencio Abad said the time to strike is now as the Filipinos are fuelled to rule out the wrongdoers in the government.
Global issues such as the crisis in Syria and the end of the stimulus fund in the US are also considered challenges. Bangko Sentral ng Pilipinas Governor Amando Tetangco said these can impact the Philippine economy as well.
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