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Manila Bulletin devider Philippines devider National devider Marcos: Constitution review seeks to boost investments

Marcos: Constitution review seeks to boost investments

Published Dec 15, 2023 06:18 am

At A Glance

  • In an interview in Muntinlupa City, the President said the existing economic provisions were hindering potential investors from proceeding with their operations in the country.

President Marcos recognized that there were ongoing efforts to revisit the economic provisions of the 1987 Constitution to make the Philippines more investment-friendly.

President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate)
President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate)

Marcos said this following renewed calls for a charter change in the House of Representatives.

In an interview in Muntinlupa City, the President said the existing economic provisions were hindering potential investors from proceeding with their operations in the country.

“We’re just beginning to study because we keep talking about economic provisions that are getting in the way with some of the potential investors that we are trying to bring to the Philippines,” he said on Friday, Dec. 15.

“What we are looking at here is the opportunity cost of those who would like to invest here but somehow the laws that derived from the Constitution when it comes to the economic provisions do not allow them to or make it non-viable for them,” he added.

According to Marcos, the study aims to evaluate ways to further boost investments.

“My primary interest is to try and make our country an investment-friendly place,” he said.

“That's why the study is really not about the Constitution. It’s about what we need to do — what we need to change so that these potential investors will, in fact, come to the Philippines," he added.

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