Proposed marketing plan seen boosting FDI

The Philippines is aiming for a five percent increase in foreign direct investments (FDI), and an additional one-percentage-point growth annually until 2028, through a proposed implementation of a foreign investment promotion and marketing plan (FIPMP).

- - Louella Desiderio

In a notice posted on the Department of Trade and Industry's website, the Board of Investments invited the public to participate in the consultation and provide feedback on the draft FIPMP, which will serve as a roadmap to coordinate the government, private sector and local government units' efforts in positioning the country as an attractive destination for investments to support growth.