The Department of Finance told Italian businessmen that investing in the Philippines would also entitle them to perks from recent game-changing reforms of the Philippine government.
“Enterprises employing advanced technologies will greatly benefit from these new laws. These game-changing reforms demonstrate our strong determination to be a prime investment destination in Asia,” Diokno said. Diokno referenced the country’s strong gross domestic product growth of 7.7 percent in the first three quarters of 2022. This was mainly driven by strong domestic demand and improvement in labor market conditions.
The Marcos administration is working to steer the economy to a high-growth trajectory through a comprehensive eight-point socioeconomic agenda.
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