This perception of the country is not impressive in terms of comparison made by bloomberg as a term of assessment. It shows the decline of the country's performance in terms of investments and the observation given by foreign capitalists.
By its comparison with Indonesian terms of investments and record, demonstrates unfair record for the country spelling its attractiveness abroad.
"A fast-growing economy with a vibrant young workforce, the Philippines has all the right metrics to be an investment hot spot. But it's not an easy place for foreigners to find opportunities -- and that's not because of President Rodrigo Duterte, whose drug war and anti-U.S. invective caused an exodus of funds last year."- bloomberg
The statement above is awful to know that the country is now suffering this kind of perception, though it is an investment hot spot as it was said, the actualities remains the proof in the exodus of investors given last year. Though Drug war was not given as reason, the falling of the investors perception in the country in general must be fought somewhere where our rules and regulations becomes stiff for compliance that resulted to the exodus. They practically becomes a factor of retardant that produces ill effects to scare investors in this way.
"Over the past five years, there were only 81 cross-border private equity and venture capital transactions, totaling just over $6 billion. Meanwhile, neighboring Indonesia is flourishing, with more than $4 billion of deals so far this year alone." -bloomberg.
In record of five years we have only garnered 6 billion of capital transactions for the country, while 4 billion were taken home by Indonesia in this year alone. This piece of events is depressing to know, and something must be done right, or else, in just another ten years, we will be a member of a fourth world economy club. Though the report states five years that covers past administration, the current governance should raise more emphasis and hard work on those losses, and create an attractive atmosphere reversing the past.
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