Foreign direct investment (FDI) is important because the benefits to the destination economy are not limited to capital infusion but also technology transfer, management systems, sources of more production inputs, and extra access to foreign markets. Thus, Japanese FDIs coming to the Philippines not only bring in Japanese capital and technology, but also additional access to Japan and other export markets.
The Philippines’ ambitious plan to roll out more big-ticket infrastructure projects through the “Build, Build, Build” program will shield the domestic economy from a global slowdown partly caused by trade tensions between the US and China, UK-based Oxford Economics said.
MANILA – The Bureau of Customs (BOC) has created a new unit to monitor the entry of hazardous waste in the country, the agency said in a statement Saturday.
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