On the afternoon of October 22, the "Philippines Business Opportunities" event, hosted by the Philippine Department of Trade and Industry, was held in Nanning. Officials from the Philippine government delegation's Board of Investments attended and presided over the meeting. With the theme of "Introducing the Philippine investment environment and policies, and promoting the Philippine tourism market," officials from the Philippine Department of Trade and Industry and the Department of Tourism actively invited people from all walks of life to invest and travel.
To increase investment promotion efforts and attract more foreign investment into the Philippines, the Philippine government has adopted a series of investment incentive policies and actively improved the investment environment. Examples include continuously opening up foreign investment sectors, allowing foreign investors to hold 100% equity, and implementing the Investment Priorities Plan for export-oriented enterprises. To promote the absorption of foreign capital, the Philippine government formulates an "Investment Priorities Plan" annually, which lists the investment areas encouraged by the Philippine government each year. In accordance with the series of preferential policies stipulated in the "Omnibus Investments Code of the Philippines," it provides tax, credit, and other incentives to enterprises investing in relevant fields.
At the meeting, the tourism environment of Puerto Princesa was also highlighted to attract tourists. Puerto Princesa is home to a World Heritage site, and its Underground River National Park is one of the candidate sites for the New 7 Wonders of Nature.
