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Philippines pushes reforms to attract FDI amid China tariff fallout
A risk intelligence outlook from Verisk Maplecroft points to investment opportunities in sectors including electronics, auto parts, and food manufacturing.
The Philippines is moving to strengthen its appeal to foreign investors as companies look for alternatives amid shifting supply chains and the impact of Washington’s tariff war on China, according to an analysis by SCMP Economy.
The report says President Ferdinand Marcos Jr’s government has enacted business-friendly measures, including new laws on tax and governance, and extending land leasing, while also pursuing plans to upgrade railways, ports, and the power grid.
SCMP Economy adds that the Philippines, with an English-speaking population of about 117 million, is positioning its labor force as a draw for firms considering relocation in a more cautious global investment climate.
Verisk Maplecroft, cited in the analysis, said the country has opportunities despite ongoing concerns, including lower infrastructure quality and governance challenges such as corruption scandals, highlighting potential in electronics, auto parts, and food manufacturing.