PH must ramp up promotion as investment destination: NEDA

Watch more on iWantTFC MANILA -- The Philippines needs to be more active in telling the world about investment prospects in the country, Socioeconomic Planning Secretary Arsenio Balisacan said Friday.

The National Economic and Development Authority chief said he was surprised at how some investors knew so little about the Philippines after going on some economic missions abroad."So they say we don’t know the country, but they know our neighbors, because understandably they are Muslim neighbors, Malaysia, Indonesia, Singapore, and also now thinking about Vietnam," he said.

"And we ask why? Apparently, there's been very little effort for us to tell our story. And for them, they want to hear us, and know more about our prospects," he said. Balisacan said the businessmen they spoke with already want to meet with Philippine government officials and Filipino business partners when they next meet.

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