Mar 292017
We have long known that foreign investment in the Philippines helps our country get by, through employment generation, stimulation of economic growth and promotion of technology transfer, among others. While some may prefer to fully liberalize the Philippine economy, our Constitution recognizes the fact that some industries are better left for Filipinos to control, especially those that affect national interest. The policy objective is to preserve the National patrimony and heritage for the use and enjoyment of the Filipino people. This somehow helps us value our freedom and independence from foreign occupation, something our heroes have fought long and hard to achieve.