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Foreign investment leads take time; not all will prosper --- Pascual

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Not all foreign investment offers to the Philippines will materialize, Trade and Industry Secretary Alfredo Pascual said on Wednesday, July 12. ManilaBulletin

In a Palace briefing, Pascual explained that significant investments take time to implement, while some may not materialize at all.

Pascual further said that there is normally a series of steps in investment decisions involving foreign direct investment. These steps that must be followed include expression of the interest; decision to explore the feasibility; feasibility study; among others. "Just like in any business, the selling job does not stop. Doing investment promotions, selling the country and that effort does not stop it. It’s not a one-time exercise," he added.

 

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