The British Chamber of Commerce of the Philippines (BCCP) urged the government to immediately pass the proposed Public Services Act (PSA), Foreign Investment Act and the Retail Trade Liberalization Act to attract more foreign direct investments (FDIs).

'Foreign direct investment (FDI) has many benefits including, of course, economic development, modernization, technological spillovers, income growth, employment which is very important and of course, creating a more competitive atmosphere,' said BCCP Executive Director Chris Nelson during the recent 6th Joint Economic Briefing.