Euro chamber urges PH government to honor sanctity of contracts

ABS-CBN News

Posted at Jan 21 2020 05:18 PM

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The European Chamber of Commerce of the Philippines (ECCP) says the Philippine government should honor the sanctity of contracts or risk losing more foreign investors.

ECCP President Nabil Francis says the uncertainty surrounding contracts and the pending passage of the Comprehensive Income Tax and Incentives Rationalization Act (CITIRA) bill have contributed to the continued drop in foreign investments to the Philippines.