Isang negosyante, naniniwalang mas maraming investors ang naeengganyong mamuhunan sa Pilipinas ngayon

Transcript

00:00More investors are now willing to invest in the Philippines

00:05through the lens interview of the Presidential Communications Office

00:09with food manufacturer, Monde Nisan's CEO, Henry Soento.

00:13He said that this is because of the steps implemented by the administration of President Ferdinand R. Marcos, Jr.

00:20under the Strategic Investment Priority Plan.

00:23On the other hand, the streamlining and expansion of business in the country

00:29and the giving of incentives to businesses that are also being done in other countries.

00:34According to Soento, in fact, for more than four decades of their business in the Philippines,

00:39they have only now applied for incentives.

00:43This will greatly help local businesses to become globally competitive.

00:50Because of the creation of the law, the Philippines has been attracting 1,200 projects

01:00with 1.2 trillion pesos investment.

01:05This is good because it is based on the Strategic Investment Priority Plan.

01:12You are registered with the Board of Investments?

01:16Food security initiative is part of it.

01:19And the good thing about this is that the administration made it easier.

01:25It is being streamlined.

01:27So in the 45 years we have been here, this is the first time we have applied for incentives.

01:38First time?

01:39First time.

01:41Because it is easier to get licenses and permits.

01:46Yes, and incentives.

01:48If incentives are given, local businesses will become more globally competitive.