BUSINESS FORUM: PH, ASEAN next destinations of new investments – PwC

DAVAO CITY: WHILE global business executives are still watching the US economy before making decisions for further competitiveness, the Southeast Asian nations, including the Philippines, are expected as the next destination for fresh investments from CEOs in countries within the Asia-Pacific Economic Cooperation (APEC).

This according to Alex Cabrera, chairman and senior partner at PwC Philippines, a tax, assurance, and advisory services, who today said foreign direct investments from APEC CEOs are still rising, more than 50 percent of which are being poured into the 21 APEC economies.