Metro Manila (CNN Philippines, January 16) — British companies do not see corruption in the Philippines as a major concern when deciding to invest in the country, a British Chamber of Commerce of the Philippines (BCCP) official said on Monday.
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When asked if rampant corruption is seen as an issue by British investors, BCCP Executive Director Chris Nelson said, “No, I wouldn’t say so.”
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Nelson said companies from the United Kingdom are looking more at the ease of setting up and doing business, and how big the opportunities are in the country.
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“I think the question for the company is also how quickly and what opportunities are to invest,” Nelson told CNN Philippines’ The Final Word.
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The director said trade between the Philippines and the United Kingdom has actually increased and interest level among British companies remains high. He says news on the country eyeing digitalization is a good sign.
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“I think the Philippines is also looking to improve its digitalization, which, I think, will help in terms of process so, I think, it is more on creating those opportunities, again, getting people to set up quickly and to do business here,” Nelson said.
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He also said British companies see the country as a very important market, describing it as a “gateway” to Southeast Asia.
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