$50-B FDI, 3M jobs eyed in 10 years

The Joint Foreign Chambers of the Philippines (JFC) said on Wednesday it aimed to have new foreign direct investments (FDI) in the Philippines reach $50 billion by 2030, and that the country could realize its “enormous” potential with the right policies in place.

At the Ninth Arangkada Philippines Forum conference, Peter Hayden, president of the American Chamber of Commerce of the Philippines (Amcham), told reporters that the JFC’s 2010 goal of reaching $10 billion in additional FDI and an additional 1 million jobs had been “achieved.”