PHILSTAR: CUT POWER COST, SOLVE CARGO WOES – MOODY’S Reducing - TopicsExpress



          

PHILSTAR: CUT POWER COST, SOLVE CARGO WOES – MOODY’S Reducing the cost of power and improving cargo movement should be given more priority than amending the Constitution for the purpose of easing restrictions in foreign investments, a Moody’s Investors Service analyst said. “On Charter change, I would note that liberalizing the constitutional restrictions on investment is not a panacea for the weak performance of Philippine FDI (foreign direct investment) relative to other countries in the region,” Christian de Guzman, vice president and senior analyst at Moody’s, said in an e-mail yesterday to The STAR. “Arguably, further developing infrastructure in a way that lowers the cost of electricity or improves logistics efficiency, among others, may be more critical,” he said.
Posted on: Wed, 27 Aug 2014 03:49:16 +0000

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