MANILA, Philippines — Malaysian retail specialist Valiram Group met with President Ferdinand “Bongbong” Marcos Jr. in Singapore on Saturday about their intent to establish duty-free airport outlets in the Philippines.
The Presidential Communications Office shared that a Valiram group representative conveyed the company’s ambition to expand its presence in the Philippines and introduce international brands that are either new to the market or have a limited presence currently.
Joining Marcos Jr. during the meeting were Speaker Ferdinand Romualdez, Presidential Communications Office Secretary Cheloy Velicaria-Garafil, Presidential Adviser Frederick Go, and Ambassador to Singapore Medardo Macaraig.
Romualdez emphasized the legislative body’s aim to streamline foreign investment processes by updating existing regulations.
“We are also evaluating the entirety of our legal framework, particularly focusing on older or outdated laws that may not be conducive to the present climate of promoting foreign investments. We are actively seeking ways to modify these laws to make the country more welcoming to foreign direct investments,” Romualdez said.
Your subscription could not be saved. Please try again.
Your subscription has been successful.
Read Next
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.
For feedback, complaints, or inquiries, contact us.
Denial of responsibility! Samachar Central is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
