Article Abstract:
The Philippines has become a more attractive place for foreign investors. Reforms of laws affecting trade, investment, regulation of business, taxes and privatization during the 1980s helped improve the country's potential for investment in spite of political upheavals. The success of Goldstar-Collins, an appliance company, exemplifies the resulting growth. The country's skilled workers, high educational standards and capacity for greater consumption are other factors favoring the efforts of Philippine entrepreneurs to attract investment.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
The Marcopper Mining spillage into the Boac River in the Philippines has led to legal action against executives from the company and tighter regulations on mining. The government had sought to revive the mining industry by attracting foreign investment, and the Mining Act of 1995 allowed for 100% foreign ownership in this sector. Environmentalists are seeking the repeal of this law after the Marcopper spillage. Mining companies argue that too-tight regulations would deter them from investing.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
Malaysia is leading the way among foreign investors in the Philippines, as two recent agreements indicate. The Westmont Group will invest $610 million in the Philippines' National Steel, helping to pay down its crushing debt load in the process, and two Malaysian companies will soon begin assembling Proton cars in the Philippines in a $90 million arrangement. Closer political relations helped pave the way for the huge deals.
User Contributions:
Comment about this article or add new information about this topic: