Resilient Media Entertainment

Wednesday, May 2, 2012

PH seen becoming preferred investment destination of MNCs

@inquirerdotnet
Inquirer Group updates. JV Rufino (turgon97) on board.

The Philippines is emerging as a favored investment destination of large multinational corporations seeking to diversify their global manufacturing operations as factory costs rise in China, an official of investment banking giant BofA Merrill Lynch said. James Quigley, New York-based executive vice chairman for international corporate and investment banking at BofA Merrill Lynch, said in a briefing on Wednesday that 20 years ago, chief executive officers of big multinational corporations would say it was difficult to do business in the Philippines because everything would depend on who you know and whom you were connected to. CONTINUE AS YOU ENTER THE WORLD @inquirerdotnet resilient media entertainment @resilient_ent benny quetell
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