normal_post - PHL to lure more foreign investments with easing of 60-40 ownership rule - Bohol News Archive Author Topic: PHL to lure more foreign investments with easing of 60-40 ownership rule  (Read 299 times)

MIKELIGALIG.com

  • FOUNDER
  • Webmaster
  • *****
  • avatar_1382_1499847132 - PHL to lure more foreign investments with easing of 60-40 ownership rule - Bohol News Archive
  • Posts: 24219
  • medal1 - PHL to lure more foreign investments with easing of 60-40 ownership rule - Bohol News Archivemedal2 - PHL to lure more foreign investments with easing of 60-40 ownership rule - Bohol News Archivemedal3 - PHL to lure more foreign investments with easing of 60-40 ownership rule - Bohol News Archive
  • NEED A WEBSITE? email me: info@mikeligalig.com
    • Share Post
PHL to lure more foreign investments with easing of 60-40 ownership rule -- Israeli biz group
By Kris M. Crismundo

MANILA, Dec. 5 (PNA) -- The Philippines can attract more foreign investments if the government can ease its 60-40 rule on foreign ownership, said Israel Chamber of Commerce of the Philippines (ICCP) President Itamar Gero.

In an interview with the Philippines News Agency, Gero mentioned that Israeli businesses are eyeing Asian markets, but most of Israeli investors are going to Vietnam and other countries with more relax rules on foreign ownership.

“We see that they (Israeli investors) are going to Vietnam, they are going to neighboring countries -- Taiwan and China. And we need to put Philippines in the map,” said Gero.

“There is some room to relax the foreign investment rulings. Once you do it, I think you open the Philippines to a lot more of foreign investors that would find it a lucrative destination,” he added.

He mentioned that among the interests of Israeli investors in the Philippines are in sectors of agriculture, agri-technology, infrastructure, manufacturing, and innovation, among others.

Gero noted that the Philippines can be a hub for Israeli businesses that produce defense equipment and high-end semiconductors, adopting the technology of Israel.

In a previous interview, Israeli Ambassador to the Philippines Effie Ben Matityau said the country’s agriculture department wants closer cooperation with Israel’s dairy farming and production sector.

“We are looking at dairy farming and dairy production as area of cooperation with the Philippines,” Matityau said.

The envoy noted that the current administration’s focus on agriculture sector will push for closer ties between the Philippines and Israel.

Moreover, ICCP’s Gero said that the Department of Trade and Industry (DTI) eyes to set a trade mission in Israel next year to explore further cooperation between Manila and Jerusalem. (PNA)

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=83486.0
Romans 10:9-10
"If you declare with your mouth, Jesus is Lord, and believe in your heart that God raised him from the dead, you will be saved. For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved."

Get FREE 500GB cloud storage:
https://www.pcloud.com/welcome-to-pcloud/?discountcode=fDiE7jtC01VPbCIygaM67jZV



Share via facebook Share via linkedin Share via pinterest Share via reddit Share via twitter
 

Latest Topics

Tragedy While Diving in Samal Island by MIKELIGALIG.com
[Today at 01:13:03 AM]


TAAL VOLCANO BULLETIN by MIKELIGALIG.com
[Yesterday at 01:15:06 PM]


Governor Jayvee Tyron Uy delivers State of the Province Address by MIKELIGALIG.com
[Yesterday at 08:16:52 AM]


For Sale Commercial Lot Sta Cruz Manila by MIKELIGALIG.com
[Yesterday at 04:04:12 AM]


For Sale Alabang House by MIKELIGALIG.com
[Yesterday at 04:02:05 AM]


Mindanao Farmers products in US market by MIKELIGALIG.com
[January 19, 2020, 08:13:59 PM]


Senator Bong Go's Advocacy by MIKELIGALIG.com
[January 19, 2020, 08:13:18 PM]


Zero Open Defecation by MIKELIGALIG.com
[January 19, 2020, 08:12:40 PM]


Polio Vaccination by MIKELIGALIG.com
[January 19, 2020, 08:12:04 PM]


BASURESIKLO: Gasa ni Kuya, Baylo sa Basura by MIKELIGALIG.com
[January 19, 2020, 08:11:34 PM]

SMF spam blocked by CleanTalk
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2020, SimplePortal