Philippines eyes foreign investors to rev up recovery from pandemic

Customers eat without the usual plastic barriers on tables as the government places the capital on the lowest rung of a five-step pandemic alert system on Tuesday, March 1, 2022, in Manila, Philippines. Traffic jams and outdoor crowds were back in the Philippine capital and 38 other cities and provinces Tuesday after officials allowed businesses and public transport, including shopping malls, movie houses and restaurants, to operate at full capacity as Covid-19 cases continued to drop with more vaccinations, officials said. - AP

MANILA, March 5 (Xinhua): The Philippines has put "pro-business" measures to lure foreign investors into the Southeast Asian country recovering from the two-year Covid-19 pandemic.

"Visit us and witness the recovery and revival of many of our enterprises as we have now allowed greater mobility, greater opening of the economy, and thanks to our high vaccination rate," Trade Secretary Ramon Lopez said in a recent speech.