foreign direct investments

Opening Statement for the House Committee on Constitutional Amendments on the Proposed Amendments to the 1987 Constitution

February 13, 2020

The current global context of growing protectionism, a turnaround from investment liberalization, and eroding multilateralism make relaxing foreign equity restrictions even more inappropriate

Stop over-relying on foreign investments, government told

June 4, 2018

Soon after the enactment of the Ease of Doing Business and Efficient Government Service Delivery Act, research group IBON said that the Duterte government should not depend on foreign investments for economic progress and job generation. For expediency, the Ease of Doing Business Act or Republic Act (RA) 11032 simplifies the application process for the […]

Federalism Cha-cha weakens nationalist provisions–IBON

August 16, 2017

Research group IBON criticized the weakening of nationalist provisions of the 1987 Philippine Constitution in the proposed federalism charter of pro-administration solons. The group said that the insertion of the phrase “unless otherwise provided by law” in portions restricting foreign participation in essential sectors threatens prospects for the Philippine economy to develop independently. Introduced by […]

IBON hits big miners over threat of international arbitration

March 28, 2017

  The COMP recently warned that affected mining companies could file arbitration cases should the government not honor mining contracts. It said that a number of these are foreign mining firms that have bilateral investment treaties (BITs) and they could sue the government for compensation. The DENR previously announced the cancellation of 75 mineral production […]

Challenge to Real Change

July 25, 2016

On the day of the State of the Nation Address, IBON explains why the 10-point economic agenda hangs like a dark cloud over pro-people economics prospects and even the chief executive’s recently-affirmed popularity   #SONA2016 #justpeacePH | IBON Features  The unorthodox candidate and eventually President Rodrigo Roa Duterte made a flurry of announcements before and […]

Jobs crisis will persist despite growing FDI if next admin retains neolib frame–IBON

April 27, 2016

#BeyondElections2016 | Research group IBON pointed out that growing foreign investment under the Aquino administration has not improved the country’s jobs situation. This, as the presidentiables vow to continue the major economic policies of the incumbent administration, which has made attracting foreign direct investment (FDI) a key strategy for inclusive growth. IBON noted that annual […]