Gov't woos more British firms to invest in Phl

The Philippines is wooing more British firms to put their resources and invest in the country in a bid to further grow the local economy.

- By LOUISE MAUREEN SIMEON

On the sidelines of the Philippine Economic Briefing in London, Finance Secretary Ralph Recto and the rest of the economic team met with British investors to encourage them to do business in the country.

"We are confident that our meetings left British investors with no doubt about the predictability, stability, profitability and sustainability of doing business in the Philippines," Recto said.

I trust that our dialogues will open the floodgates of more opportunities for mutually beneficial partnerships ventures that will not only help them make more money but also enable the Philippines to reduce poverty to single digits and secure a brighter future for Filipinos, he said.