THE head of the Financial Executives Institute of the Philippines said the group is upbeat on the country's investment outlook under the Marcos administration.'Things have been very positive on the ground, especially on investment confidence,' Finex President Michael Guarin said during an interview on SMNI's 'Business and Politics,' a weekly program hosted by The Manila Times Chairman and Chief Executive Officer Dante Francis 'Klink' Ang 2nd.
'Across the several programs of the government, as well as certain advocacies, digitization is being thrust into the center in order to speed up processes and try to catch up with our Asian peers in terms of economy and services,' he said.He cautioned against slacking efforts in looking for investments as the country's gross domestic product expanded by 7.4 percent in the second quarter of 2022 because the country faces stiff competition from its neighbors like Indonesia and Vietnam.