News Snapshot:
THE ambassador of Denmark said the Philippines should reduce red tape if it wants to attract more foreign investors. Ambassador Franz-Michael Mellbin said that cutting red tape will make the Philippines more appealing as a foreign investment destination. "Red tape has to come down. Red tape is a business killer. It does not help business a lot. You know, when I talk to businesses they worry about red tape. They'd like to come here," Mellbin said in an interview on Friday at the ambassador's residence. He said Denmark is interested in further developing cooperation with the Philippines in the areas...
