Beyond FDI campaigning

PHILIPPINES - Report 25 Jun 2024 by Diwa Guinigundo and Wilhelmina Manalac

The Philippine broadsheets bannered recently that the foreign trips undertaken by President Ferdinand Marcos Jr, who has virtually made his foreign trips an opportunity to conduct his foreign investment campaign, yielded $19 billion in foreign investments “that have already been actualized or have commenced implementation as of June this year.”

The challenge to the Marcos government is undoubtedly singular, and this is to address the various impediments to economic growth—governance and institutional strength, human capital development both basic and retooling, infrastructure and power. Once effectively addressed, we should be able to see more FDI coming to be registered, and finally, materializing.

Now read on...

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