MANILA – The Philippines can increase its share of investments flowing into Southeast Asia by promoting its talent pool and easing foreign ownership restrictions, an analyst said Thursday.
Filipinos are “premiere” talents who attract attention, however, the 40-percent cap on foreign ownership hobbles some potential investments. The country also has strict labor policies, Bowergroup Asia founder and CEO Ernest Bower told ANC.
"Companies want the right to own their businesses. They’re looking for a hundred percent that’s not bad for the Philippines," he said.
Full foreign ownership of some businesses will help create jobs and aid technology transfers, he said.