BUSINESS MIRRIOR: Prof Ben Diokno - Fiscal myopia
- On the provision of public infrastructure, the Philippines is the WORST performing among ASEAN-5 economies. Foreign investors identified POOR public infrastructure as one of the reasons why the Phils has failed to attract FDIs into the country. In addition, they complain about the 60-40 foreign equity provision in the Phil Constitution. Relatedly, this also serves as a major constraint in the PPP program of the Aquino III administration.
- On the provision of public infrastructure, the Philippines is the WORST performing among ASEAN-5 economies. Foreign investors identified POOR public infrastructure as one of the reasons why the Phils has failed to attract FDIs into the country. In addition, they complain about the 60-40 foreign equity provision in the Phil Constitution. Relatedly, this also serves as a major constraint in the PPP program of the Aquino III administration.
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