"The country remains a regional laggard in terms of attracting foreign direct investment. John Forbes, senior adviser of the American Chamber of Commerce of the Philippines, one of the groups that make up the Joint Foreign Chambers, noted, “Compared with what neighbors have to offer, businesses cannot afford to stay in the Philippines.”
"He was referring to lower labor and power costs and fewer non-working holidays in other countries. The problems of business groups in this country are not new. They have also cited the inadequacy of infrastructure in all aspects, ineffectual corporate regulation, red tape in doing business, weak rule of law, smuggling and other unfair trade practices, and protectionist laws and policies."
- EDITORIAL, Accelerating Growth, PHILSTAR, February 28, 2014
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