WB: Rules Stifle Investments
The World Bank said the Philippines will attract an additional PhP5 billion to PhP10 billion worth of investments annually, if business regulations are simpler.
“We are seeing anywhere from at least PhP5billion to PhP10 billion in new investments that can come in, if we have simpler regulations,” World Bank country economist for the Philippines Karl Kendrick Chua said over the weekend.
Source: The Standard