foreign direct investments

Political, economic, and cultural control under charter change
April 12, 2023
Proponents in Congress and their private sector cohorts are preoccupied with pushing for charter change. But this will be to the detriment of the Philippines and its people – politically, economically, and culturally.

Millions of Filipinos still poor despite foreign investments
March 23, 2023
Some politicians claim that more FDI after charter change will reduce poverty. However, poverty has stayed high over the years of increasing FDI.

Unemployment worsened even with more foreign investment
March 23, 2023
Proponents of charter change insist that more FDI from changing the Constitution’s economic provisions will create job opportunities and decrease unemployment. Has unemployment decreased as FDI increased?

Job creation weakened despite rapid FDI growth
March 23, 2023
One of the key arguments of charter change proponents is that liberalizing the economy to FDI will create more jobs. But job creation has actually weakened even as foreign direct investment inflows increased.

Trade deficit worsened as FDI increased
March 23, 2023
In the absence of Filipino industrialization, FDI dominates domestic manufacturing. Foreign manufacturers and foreign investors in general have very low local content and their import-intensive operations are fueling the country’s trade deficit. This has widened over the years reaching a record US$43.5 billion in 2018.

Agriculture weakened despite capital inflows in sector
March 23, 2023
Charter change advocates in Congress claim changing the constitution to favor foreign direct investment (FDI) will develop the economy. Yet while foreign capital poured into the agriculture, forestry and fisheries sector over the years, its share in the economy has plunged.

Foreign investment hasn’t done much to develop the Philippine economy
March 6, 2023
Foreign investment can play a role in development but, clearly, not under the free market-oriented policy framework the government has been insisting on since the Marcos dictatorship.

IBON: PDP 2023-2028 non-solution to PH economic crisis
January 30, 2023
The Marcos Jr administration’s Philippine Development Plan 2023-2028 boldly promises “economic and social transformation for a prosperous, inclusive and resilient society” yet falls short as a comprehensive development plan.

On changing the economic provisions of the 1987 Constitution: More foreign investment does not mean more development
January 26, 2023
As the House Committee on Constitutional Amendments considers proposed amendments, IBON raises five major points on why economic provisions in the 1987 Constitution should be retained.