By Beatriz Marie D. Cruz, Senior Reporter
THE PHILIPPINES is pinning its hopes on its new upper middle-income status and solid fundamentals to position itself as a major investment and supply chain hub in Southeast Asia.
However, with growing competition from regional peers, the Philippines must look beyond well-intentioned reforms and directly confront persistent bottlenecks, such as corruption, regulatory uncertainty, and high energy costs, to win foreign capital.
Trade Secretary Maria Cristina A. Roque said attempts to attract foreign capital hinge on positioning the Philippines as the region’s premier hub for globally competitive, innovative, and sustainability-driven industries.
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