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New laws to attract more investors

THE National Economic and Development Authority (NEDA) said it is hopeful that recently enacted major laws will attract more investments and generate more jobs in the manufacturing sector.

NEDA Undersecretary for Policy and Planning Rosemarie Edillon said in a recent webinar that the new laws amending the Retail Trade Liberalization Law (RTLL), Foreign Investment Act (FIA) and Public Service Act (PSA) are expected to bring positive impacts to the Manufacturing sector.