Rick Danao talks about M&A year-end report at BusinessWorld Live
27 Dec 2022
"The Philippines is one of the best in Asia in terms of investment destination because of our quality workforce, young demographics, and the overall economic fundamentals of the country,” said PwC Philippines Chairman and Senior Partner Roderick Danao in an interview with One News PH anchors Danie Laurel and Jester delos Santos, on the “Insights” segment of the program “BusinessWorld Live”.
Rick talked about the M&A landscape in the Philippines and emphasized that the telecommunications and renewable energy sectors will enjoy higher investor confidence and growth in 2023. The country will require at least 4,000 new telco towers in the next four to five years to improve information and communication technology services. Meanwhile, the amendments to the Renewable Energy Act of 2008, that allows 100% foreign ownership of renewable energy power generation assets in the Philippines, are expected to boost investor interest in the sector.
While the Philippines has a very resilient economy, Rick shared that the government still needs to work on improving the ease of doing business in the country to encourage more investments.
- Read our M&A year-end report at https://www.pwc.com/ph/en/deals-corporate-finance/deals-publications/major-deals-2022.html
- Catch the story and the interview that was aired live on OneNews channel 8/250 on Cignal, OneNews Facebook Live and OneNews YouTube channel
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