Philippines to allow entry of foreign investors
The Philippines’ task force on COVID-19 will approve entry of foreign investors starting November, announced presidential spokesperson Harry Roque in a televised address on October 23.
Tourists at the Philippines' Boracy island (Photo: AFP/VNA)
Hanoi (VNA) – The Philippines’ task force on COVID-19 will approve entry of foreign investors starting November, announced presidential spokesperson Harry Roque in a televised address on October 23.
Accordingly, foreigners with investment visas from Philippine agencies would be allowed entry.
The easing of travel restrictions is among a slew of relaxed rules revealed the same day to help the country’s battered economy recover from recession.
The Southeast Asian nation imposed travel curbs in February to stem the spread of the novel coronavirus SARS-CoV-2 that causes COVID-19.
Total confirmed cases in the Philippines have increased to 365,799, with a death toll of 6,915./.
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