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  MANILA, Philippines --- Infrawatch PH, a non government policy think tank, said that the amendments to the Public Service Act (PSA) will not be enough to attract foreign investments as issues on governance issues persist. "Foreign investments to the country will come only if the governance issues in the country are resolved, as this remains the main binding constraint for growth," said Infrawatch PH in a statement on Thursday. "For as long as corruption, cronyism and red tape continue to delay permits, disqualify competition, and raise capital costs to do business in the country, no amount of opening up will lure foreign investors to choose the Philippines," it added....

Keep on reading: PSA amendments not enough to lure foreign investments if corruption persists – Infrawatch PH
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