INVESTMENT promotion agencies (IPAs) identified Covid-19 pandemic, the high cost of doing business and foreign equity restrictions as the biggest impediments to foreign investment in the country, the Department of Finance (DoF) said.

In a statement on Wednesday, it said the issues were presented by IPAs before the Fiscal Incentives Review Board (FIRB), which were outlined by Finance Assistant Secretary and Secretariat head Juvy Danofrata.

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