Article Links: https://pco.gov.ph/news-releases/
PBBM: Revisit of economic provisions of 1987 Constitution, other laws to boost investments
Efforts are underway to revisit the economic provisions of 1987 Constitution and other laws to make PH more investment-friendly, President Ferdinand R. Marcos Jr. said on Friday.
The President pointed out that the existing economic provisions are 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,” Marcos said in a media interview in Muntinlupa City.
“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.
The chief executive said 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 do we need to do — what do we need to change so that these potential investors will in fact come to the Philippines,” he said. PND
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