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Funding shortfall providing role for investors

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Why you can trust SCMP
David Evans

Secretary of Tourism Richard Gordon has the unenviable task of turning around the industry with a budget of just US$660,000.

Mr Gordon believes domestic and foreign investors will take up the shortfall in funding for what appears to be a mammoth task.

According to Mr Gordon, the plan is to prepare the groundwork before launching the search for investors.

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'I don't want to lean on anybody right now. I want to make sure that I have the product first,' he said.

'I'm not going to come out and sell something that I don't have.'

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As a tourist destination, the Philippines offers all the pros and cons associated with a Southeast Asian developing nation.

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