Finance Secretary Ralph Recto on Thursday said the Luzon Economic Corridor infrastructure initiative is seen to attract more investments to the Philippines that would further boost job creation, particularly in the manufacturing and construction sectors.
signed Executive Order 59, on April 30, to expedite the implementation of the IFPs.Recto said the National Economic and Development Authority was also preparing the medium- and long-term Foreign Investment Promotion and Marketing Plan , which is a strategic approach to positioning the Philippines as a premier investment destination.He said that the FIPMP is set for completion by the end of the month.
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