EU may double PH investment

The European Union (EU), already the largest bloc of foreign investors in the Philippines, is able to double its investment in the country over the next five years to give jobs to Filipinos, but challenges the government to create a business climate that will let foreign commerce thrive.

“Economically and in terms of governance, the Philippines is making good progress and is putting itself more on the map of European companies. Today is the moment for the European Union to invest in the Philippines,” said Guy Ledoux, head of the European Union Delegation to the Philippines in a forum held in Taguig City on Tuesday.