MANILA: The Philippines’ reputation for attracting foreign direct investments (FDIs) is “turning for the better,” thanks to continued reforms and economic stability over the past decade, HSBC Global Research said.
In a commentary sent to journalists, HSBC said the “bearish view” on the Philippines may be “dated” and perhaps “incommensurate” with what the country has recently achieved. Such optimism stemmed from the country’s “strong narrative of reform” and “a large sense of macroeconomic stability.”
