Category: Opinion
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No more ‘baon’, and my beef with the two-wheelers on the road: Our new abnormal (VII)
HEARD IT THROUGH THE GRIPE-VINE
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Amending the Philippine Constitution to increase FDIs?
Some proponents of the charter amendments claim that, the removal of foreign ownership restrictions for certain industries under the Constitution would likely encourage and increase more Foreign Direct Investment inflows. They added that this would significantly help in our COVID-19 expenses and revive our present economy as exacerbated by this pandemic. Even though the proponents were not categorical about which particular industries with Filipino ownership limitation are sought to be amended, we assume that they mainly pertain to public utilities and mass media, among others.
