Manila, Jan. 25 -- The Philippines' English-proficient and skilled labor force and the country's high growth prospects, rather than its tax incentives for businesses, make it an attractive destination for long-term investors, said Finance Assistant Secretary Antonio Joselito Lambino II.
In a statement on Friday, Lambino said this has been pointed out by business leaders, including a top official of the American Chamber of Commerce of the Philippines, Inc. (AmCham).
He noted that AmCham board director Ariel Lacsamana has said on TV that investors in the Philippines can do away with fiscal incentives, so long as their investments are strategically located in areas with less traffic congestion and their products can move faster along the sup...