THE Philippines can attract over 200 companies from Malaysia if the government fully addresses bureaucratic red tape in the setting up of ventures in the country, a Malaysian business leader said.

The Malaysia Chamber of Commerce and Industries (MCCI) Philippines Inc. on Thursday signed a memorandum of understanding (MoU) with the Anti-Red Tape Authority (ARTA), Asian Consulting Group (ACG), and QNE Software Philippines for the advancement of the government's "ease of doing business" initiatives.

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