Articles worth reading
Photo Courtesy of

Vendors report higher computer sales 

account_balanceMetro Manila access_time5 days ago

Technology vendors reports an increase in computer sales as employees began to work from home and students took lessons online. In a "24 Oras," a sales representative said that upon the implementation of the MECQ on May 16, customers troop...

President Rodrigo Duterte

LGUs told to bring virus patients to hospitals

account_balanceMetro Manila access_time5 days ago

President Rodrigo Duterte asked local government officials to help coronavirus disease (Covid-19) patients by expediting their hospitalization without worrying about expenses. In a public address late Thursday night, Duterte asked them to assist Cov...

Las Piñas General Hospital and Satellite Trauma Center (LPGHSTC)

Las Piñas hospital up for upgrade 

account_balanceLas Piñas access_time5 days ago

The House of Representatives passed on third and final reading a bill filled by Las Piñas Rep. Camille Villar to increase the bed capacity of Las Piñas General Hospital and Satellite Trauma Center (LPGHSTC). Villar filed House Bill No....

Metro News

Photo Courtesy of AFP

PH eyed as manufacturing hub

account_balanceMetro News account_circleJames Lopes chat_bubble_outline0 Comments

A congresswoman said the Philippines should be promoted as an alternative to China manufacturing in the aftermath of the coronavirus disease (Covid-19) pandemic.

Bagong Henerasyon Party-list Rep. Bernadette Herrera said the government should seize the opportunity to become an alternative investment destination as foreign companies seek to reduce reliance on China as a manufacturing base following the Covid-19 outbreak and the concomitant supply disruption.

“The government should take a more aggressive approach to convince firms seeking to move out of China that the Philippines is a good alternative for them given our unique competitive advantage, highly-skilled manpower and improved ease of doing business,” Herrera said.

“This is a golden opportunity for the Philippines to up its game in securing more foreign direct investment projects to shore up the economy battered by a two-month community quarantine to contain the spread of Covid-19,” she added.

She suggested the eastern portion of Bulacan province as a possible site for future manufacturing facilities.

“The eastern portion of Bulacan is an example of its viability where there are vast lands available for development into an industrial city of more or less 40,000 hectares. It has its own source of power and water, near the power grid, and has existing access roads,” Herrera said.

She said an executive order or a presidential proclamation can be put in place for such policy, stressing the need for the country to attract foreign direct investments that would generate mass employment.

“The need to create mass employment is now even more urgent after the Covid-19 crisis left at least 2.5 million Filipinos jobless,” she said.

Herrera noted that the government has made significant progress in addressing critical issues that have hampered the country’s investment climate and the competitiveness of local firms, particularly that of micro, small and medium enterprises (MSMEs).

She said the Philippines has improved its attractiveness for investors with the enactment of the Ease of Doing Business law, which makes the process of putting up and running a business in the country easier and more efficient.

She, however, urged the Philippine Economic Zone Authority (PEZA) to offer more attractive incentives to lure foreign investors.

“We have to make sure we are competitive and allow PEZA and the executive department to offer concessions if need be,” Herrera said. “They have to be flexible enough that when attracting companies they can go on a trade mission, and offer land, infrastructure, and leeway on taxes and fees.”

The Philippines was ranked as the seventh-best country in the world to invest in or do business for 2020, according to CEO Magazine.

In an article posted on its website on April 29, the CEO Magazine said the Philippines got a total score of 81.5 based on the report released by CEOWORLD in February when some countries have already reported confirmed cases of Covid-19.

The CEOWORLD study analyzed 80 countries according to business and investment environments. Corruption, freedom, workforce, investor protection, infrastructure, taxes, quality of life, red tape, and technological readiness were among the factors taken into consideration.

The Philippines scored high in terms of a constitutional framework (94.9), education, and research (94.8), market potential (92.8), and trade openness (91.3).

Economic stability (69.8), the skilled labor force (64.61), and government policies (62.54) were also measured.

Singapore topped the list of most attractive nations for investors and business people followed by the UK, Poland, Indonesia, and India.

Australia was in 6th place followed by the Philippines, the US, Malaysia, and the Czech Republic. 

date_rangeDate Published
1 week ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Philippine National Railways (PNR)

PNR issues commuting guidelines 

account_balanceMetro Manila chrome_reader_mode8 hours ago

The Philippine National Railways (PNR) issued its guidelines for boarding trains amid the implementation of the general community quarantine (GCQ). PNR posted an infographic on their official FB page that tells the riding public the steps that need ...

Mandaluyong cites grace period for rent 

account_balanceMandaluyong chrome_reader_mode4 days ago

Mandaluyong City informed its constituents about the rules that govern the grace period for paying rent under the quarantine period. In a Facebook post Friday, the Mandaluyong City Public Information Office through an infographic from their legal de...

Anti-terror bill passes first reading 

account_balanceMetro Manila chrome_reader_mode3 days ago

The House of Representatives passed on first reading a bill seeking to impose harsher punishment for committing terroristic acts. At a virtual hearing last Friday afternoon, the joint committees on public order and safety and on national defense and...

House of Representatives / PNA

P1.3-trillion stimulus plan passed on 2nd reading 

account_balanceMetro Manila chrome_reader_mode1 day ago

The House of Representatives passed on second reading the P1.3-trillion economic stimulus bill to propel the country’s growth and development in the aftermath of the coronavirus disease 2019 (Covid-19) crisis. During the plenary session, the l...

Senator Christopher Lawrence Bong Go / PCOO

Scammers use names of Duterte, Go

account_balanceMetro Manila chrome_reader_mode1 day ago

Senator Christopher Lawrence “Bong” Go warned the public against scammers who use his name, and that of President Rodrigo Duterte, to buy and sell medical supplies. In a statement posted on his Facebook page, Go said he was made aware of...

Let's Stay Connected Like us on our Facebook page.
Click on the article to continue reading
Marikina to conduct targetted testing CAB won't allow domestic flights in first week of June DPWH to set up bike lanes on EDSA Gov't calls for cooperation under GCQ Pasig frontliners undergo mass testing 'Back-riding' still prohibited in GCQ areas Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature