German firms see PH as prime investment site

The German-Philippine Chamber of Commerce and Industry (GPCCI) said on Thursday that there are increasing German companies that would want to establish business and investments in the country, citing the rising competitiveness and business environment of the Philippines.

Brenda Baylon, GPCCI business development manager, said in a press briefing that the German companies would want to enter the country as business confidence in the Philippines was reportedly increasing in the second half of 2013, mainly the rise of investment grade ratings given to the country. Baylon said that the Philippines has a growing reputation in the global economic scene, thus attracting the German firms.