Six out of ten Filipinos believe the removal of restrictions against foreign investments and businesses in the Constitution may lead to more high-quality jobs, better services, and lower prices of goods, according to a recent Pulse Asia survey commissioned by international think tank Stratbase Institute.
More than half or 55% of Filipinos also believe that such action may result to “foreign capital will dominate local investors and businesses” while 54% think that “the price of goods and services will decrease.” Forty-six percent said “corruption in the public sector” hinders foreign investments in the country, while 40% chose “inadequate transportation infrastructure.”
Canadian Chamber of Commerce of the Philippines President Julian Payne stressed the need to ease economic restrictions to keep up with a “competitive world.” “If the legal framework in the Philippines is so different from the others, they might say let’s just go out to the next country,” Teves added.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MlaStandard - 🏆 20. / 55 Read more »
Source: MlaStandard - 🏆 20. / 55 Read more »
Source: MlaStandard - 🏆 20. / 55 Read more »
Source: MlaStandard - 🏆 20. / 55 Read more »
Source: MlaStandard - 🏆 20. / 55 Read more »
Source: MlaStandard - 🏆 20. / 55 Read more »