Former Secretary of National Defense and senatorial candidate Gilbert (GIBO) Teodoro said building necessary infrastructures and creating a stable business environment for investors will help the Philippines to attract more investments, particularly in the manufacturing sector.

Gibo Teodoro, who has vast experience in the public and private sector in various industries, said investment in the manufacturing sector is ideal for the country as it generates more employment and livelihood opportunities, and builds local capacity.

“Even though we liberalize our economy, if we do not have the proper infrastructure and the proper regulatory framework to invite both domestic and foreign investments, and if we do not have the ease of doing business, then we will not have industries coming in,” Gibo Teodoro said.

Gibo Teodoro, a former Tarlac congressman, said investors should feel that the Philippines is a safe haven for their investments, so they can further expand their operations in the country.

“Investors need to have that confidence that their investments here will be stable. This we need to establish even with the changes in the political administration,” Gibo Teodoro, the 1989 Bar topnotcher said.