As a result of continuous reforms and the economic stability attained over the previous ten years, the Philippines is beginning to establish a favorable reputation as a desirable location for foreign direct investments (FDIs), according to HSBC Global Research.
HSBC has told the press that the outmoded and out-of-date negative view of the Philippines as an investment destination may not be in line with the nation’s recent achievements. The country’s steadfast dedication to change and a stable macroeconomic climate are the main causes of this optimism.
Even if FDI inflows into the Philippines aren’t as strong as they are in nations like Malaysia and Vietnam, HSBC pointed out that they have improved dramatically from the weak inflows seen in the 1990s and early 2000s. This suggests that the nation’s capacity to draw in foreign investment has improved.
The desire to liberalize the economy and accept more foreign investment has prompted politicians who support President Marcos to suggest modifying the 1987 Constitution’s protectionist clauses. But like with earlier attempts to change the charter, there has been opposition to this plan because of worries about possible term limit extensions for current officials.
