AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
INVESTORS SHUN PHILIPPINES OVER POOR INFRASTRUCTURE: ECONOMIST.
CEBU CITY, Dec 1 Asia Pulse - Fewer investors are coming to the Philippines because the country has poor infrastructure facilities, said a respected economist and senior vice president of the University of Asia and the Pacific.
Speaking before a group of businessmen at the Cebu Country Club Saturday, Dr. Bernardo M. Villegas said: "We are really completely unattracive in terms of infrastructure so that foreign investments are shying away."
To support his claim, Villegas said that last year alone, about $60 billion in investments from the United States and Europe came to Asia, of which $53 billion went to China and the rest was shared by the remaining countries.
"Due to poor infrastructure, the Philippines only had a measly $300 million in new investments out of that $60 billion," Villegas said.
On the other hand, Villegas advised the businessmen to refrain from going into the mass manufacturing of cheap goods.
He gave the example of the mass production of cheap clothes, saying this does not give good returns due to the high production cost.
Aside from this, any businessman can go into fashion and embroidery and excel in this field.
- INVESTORS SHUN PHILIPPINES OVER POOR INFRASTRUCTURE: ECONOMIST.
- News wire article from: Asia Africa Intelligence Wire December 1, 2004 700+ words
...countries. "Due to poor infrastructure, the Philippines only...said. On the foreign exchange rate, once again, the poor infrastructure was blamed for the weakness...So why is it that the exchange rate is P56 to a dollar...
- Improved Quality of Phone Service, a New Year Demand.
- News wire article from: Asia Africa Intelligence Wire January 8, 2003 700+ words
...coming down very significantly. Factors for this range from the sublimes like the unwavering rising exchange rate, and poor infrastructure facilities, to the ridiculous, like competitive market and so called international rates as well as...
- Foreign direct investments oscillate in Nigeria.
- News wire article from: Asia Africa Intelligence Wire July 15, 2002 700+ words
...to such factors as macro-economic instability, as evidenced by rising inflation, interest and exchange rate volatility, poor infrastructure, inadequate and costly telecommunication services and frequent disruption in power supply. Other...
- Tea Firm's Egypt Sales Up 570 Percent.
- News wire article from: Asia Africa Intelligence Wire May 10, 2005 700+ words
...rates, energy prices, unstable exchange rate, international commodity prices and poor infrastructure. The company has taken specific...productivity. In addition, to address the poor infrastructure of roads and communication, the...
- Unilever Tea Takes Action to Tackle Challenges in Future.
- News wire article from: Asia Africa Intelligence Wire December 14, 2004 700+ words
...rates, energy prices, unstable exchange rate, international commodity prices and poor infrastructure. The company has taken specific...area. Further, to address the poor infrastructure of roads and communication, the...
- Towards Enhancing Capacity of Drug Manufacturers.
- News wire article from: Asia Africa Intelligence Wire October 15, 2003 700+ words
...Nigeria, implies that the cost of production became determined by the ever fluctuating exchange rate. This is against the background of poor infrastructure, inadequate government policies, inflation rate, corruption, mismanagement, high...
- Economic woes are exacerbated by drought and security problems. (Chad)
- Magazine article from: Business America July 9, 1984 700+ words
...currently active because of continuing security problems in the region. Shortages of capital, poor infrastructure, and an unfavorable exchange rate between the dollar and the French Franc all mitigate against U.S. investment and trade in...
- Poor infrastructure, rain delay boxing match.
- News wire article from: PTI - The Press Trust of India Ltd. February 15, 2007 700+ words
Poor infrastructure, rain delay boxing match Guwahati, Feb 14 (PTI) Unseasonal torrential rains and poor infrastructure today delayed the start of the boxing event of the 33rd National Games at the Sarusajai stadium here. With the organisers...
- Poor infrastructure biggest challege faced by Indian eco.
- News wire article from: PTI - The Press Trust of India Ltd. December 9, 2005 700+ words
Poor infrastructure biggest challege faced by Indian eco Kuala Lumpur, Dec 9 (PTI) Admitting that poor infrastructure was one of the biggest problems facing the country's economy, India today said it was according highest priority to this...
- POOR INFRASTRUCTURE PLAGUES ONLINE GAMING MARKET (poor infrastructure for...
- News wire article from: Asia Africa Intelligence Wire November 3, 2005 700+ words
(From India Business Insight) KPMG India has identified poor infrastructure for last-mile service as the major constraint to growth of online gaming market in India. It has projected the annual revenue...
Source: HighBeam Research, INVESTORS SHUN PHILIPPINES OVER POOR INFRASTRUCTURE: ECONOMIST.