IMF: Philippines can build on credit upgrades by loosening ownership rules

05/16/2013 | Business World (Philippines)

The International Monetary Fund is advising the Philippines to reform foreign ownership rules to help sustain the rise in overseas investment encouraged by recent credit upgrades. "[Studies] find that removing foreign equity ceilings is the most important and potent way to raise FDI, and removal of such ceilings could increase FDI significantly, by nearly 80%," said the IMF's resident representative, Shanaka Jayanath Peiris.

View Full Article in:

Business World (Philippines)

Published in Brief: