Economist Cielito Habito, in his column “Investment: our crying need” (Opinion, 2/17/14), says the low level of foreign investments in our country, compared to our neighbors, is the reason for the increasing joblessness.
The issue of Charter change will hopefully come to the fore now that the election circus has left town. It promises to be as heated and vituperative an argument as we saw through the 14 years of discussions on the RH Law.
By Peter Wallace
I had a discussion with a government exec last week, where I decried the low level of foreign direct investment (FDI) into the Philippines. He disagreed and explained that the apparent low level wasn’t correct as it was the NET number from the Bangko Sentral ng Pilipinas. It deducted remittance of dividends, etc. of multinational corporations (MNCs) that were already here. And as the Philippines had many mature MNCs, ones who’d been here a long time, versus, say, Vietnam where they’re still new, they were sending back their profits, no longer needing to reinvest them in growth.
By Solita Collas-Monsod
It seems that the Philippines is on a roll. First came a GDP growth rate of 6.4 percent for the first quarter, then the SWS May hunger (self-rated) survey results which showed a 5.4-percent decrease in the percentage of families who experienced hunger in the past three months, followed by a credit rating upgrade (one notch) by Standard and Poor’s (S&P).