British firms await retail liberalization, Public Services Act to invest in PH

ABS-CBN News

<figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/fd_AA6U8h4Y?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>MANILA - British firms are waiting for the passage of the Retail Trade Liberalization Act and Public Services Act as a signal to invest in the Philippines, a top official of the British Chamber of Commerce of the Philippines (BCCP) said Monday.</p><p>Chris Nelson, BCCP chairman, told ANC&#x27;s Market Edge that these are the two key economic measures eyed by British investors, but they also welcome efforts of the Philippine government to push for more economic reforms.</p><p>He noted that further easing of restrictions to modified general community quarantine (MGCQ) will also encourage more British investments in the Philippines.</p><p>The chamber is pushing for &quot;longer-term&quot; local investment opportunities for British firms, mostly in the manufacturing and renewable energy sectors.</p><p>Despite the uncertainties caused by Brexit, the BCCP chairman said this &quot;does not affect business in the Philippines.&quot; He added they see this as an opportunity to market the Philippines as a destination for investments and &quot;gateway to Southeast Asia.&quot;</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/01/22/21/peza-says-investments-to-ph-down-19-pct-hopes-to-bounce-back-to-p100-b-level">PEZA says investments to PH down 19 pct, hopes to bounce back to P100-B level</a></li>	<li><a href="https://news.abs-cbn.com/business/12/15/20/british-chamber-sees-challenges-for-ph-economy-until-first-half-of-2021">British Chamber sees challenges for PH economy until first half of 2021</a></li>	<li><a href="https://news.abs-cbn.com/business/11/23/20/ph-economy-seen-recovering-almost-instantly-with-investor-friendly-reforms">PH economy seen recovering &#x27;almost instantly&#x27; with &#x27;investor friendly&#x27; reforms</a></li></ul>

<p>British firms are waiting for the passage of the Retail Trade Liberalization Act and Public Services Act as a signal to invest in the Philippines, a top official of the British Chamber of Commerce of the Philippines (BCCP) said Monday.</p>

British firms are waiting for the passage of the Retail Trade Liberalization Act and Public Services Act as a signal to invest in the Philippines, a top official of the British Chamber of Commerce of the Philippines (BCCP) said Monday.

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British firms await retail liberalization, Public Services Act to invest in PH

British firms await retail liberalization, Public Services Act to invest in PH

ABS-CBN News

Published Jan 25, 2021 12:11 PM PHT

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