“Four top foreign firms commit to expand in the Philippines.” This was the statement released by Malacanang. This positive development is a manifestation of the investors’ confidence on the business-friendly climate in the country under the Arroyo Administration.
Over the weekend, two global mining firms, a telecommunications company and alternative energy developer have signified their commitment to expand their operations in the country: Metals Exploration PLC, the Rio Tinto Group, T-Mobile and the Bronzeoak Group. (PIA)