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32% of German biz in PH in 'good situation' - Vimarsana News

32% of German biz in PH in 'good situation'

Published: December 1, 2021

Cover of the World Business Outlook Fall 2021 Survey of the German-Philippine Chamber of Commerce and Industry MANILA - There is an increase in the number of German companies operating in the Philippines saying their businesses are in a"good situation", the German-Philippines Chamber of Commerce and Industry's (GPCCI) World Business Outlooks (WBO) Fall 2021 Survey said. With a total of 74 respondents, the GPCCI conducted the WBO Fall 2021 Survey from September 21 to October 15 when restrictions due to threats of the Delta variant started to ease. The survey said 32 percent of Ger...

Source: philippinetimes.com
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Stefan SchimtzChristopher ZimmerPhilippines ChamberGerman Philippines ChamberWorld Business OutlooksFall SurveyRetail Trade Liberalization ActForeign Investments ActCover Of The World Business Outlook Fall 2021 Survey German Philippine Chamber Commerce And Industry Manila There Is An Increase In Number Companies Operating Philippines Saying Their Businesses Are Ina Quot Good Situation He German Philippines Chamber Of Commerce And Industry 39s Gpcci World Business Outlooks Wbo Fall 2021 Survey Said Witha Total 74 RespondentsHe Gpcci Conducted The Wbo Fall 2021 Survey From September 21 To October 15 When Restrictions Due Threats Of Delta Variant Started Ease Said 32 Percent German Firms Were In Quot Good Situation During Period7 Percent Said Their Situation Is Quot Satisfactory Nd 20 Percent Are In Quot Bad Situation This Was An Improvement From The Spring 2021 ResultHich Was Conducted Between March 18 And April 19 When The Government Reimposed Restrictive Enhanced Community Quarantine To Manage Cases Of Coronavirus Disease 2019 Covid Alpha Variant In Spring 2021 Survey1 Percent Of Firms Said They Were Ina Quot Good Situation 7 Answered Quot Satisfactory Nd 29 Percent Considered That They Were In Quot Bad Situation The Lesser Numbers Daily Active Cases Of Covid 19 And Graduation Major Areas Toa More Liberal Alert Level Presentsa Promising Outlook For Our Survey RespondentsUot Gpcci Executive Director Christopher Zimmer Said The Number Of Companies With An Optimistic Outlook For Next 12 Months Was Also Higher In Latest Survey Fifty Seven Percent Respondents They Expect Business Conditions To Be Better From Only 29 During Spring 2021 About 40 Would Remain Same Fall 62 Previous Surveya Lesser Businesses Expected Worse At 3 9 HoweverOtential Issues Arising From Travel Restrictions And Supply Chain Concerns Hold Back Business Sentiments Quot We Still Observe That Key Foreign Nationals Of Both Incoming Existing Companies In The Philippines Experience Problems Coming As Entry Measures Requirements Remain RigorousTime ConsumingNd BurdensomeUot Zimmer Said Added The Gpcci Has Urged Philippine Government To Immediately Resolve Concerns On Travel RestrictionsHich Was Also Aired By Other Foreign BusinessmenS This Affects Their Operations And Investment Plans Here Based On The Survey1 Percent Of Companies Said They Have Canceled Or Postponed Their Investments Quot An Interesting Amount Potential To Ramp Up The Philippine Economy Can Be Observed In Coming Days As Certain Economic Reform Measures Such Amendments Retail Trade Liberalization Act And Foreign Are Seen Signed Into Law Therefore