Foreign investment crucial

Foreign investment crucial — Marcos

By Catherine S. Valente

Oct 11, 2022 12:35 am

IMMEDIATELY after he was sworn into office, President Ferdinand 'Bongbong' Marcos Jr. went to work to resuscitate the pandemic-hit economy by wooing foreign investors.

In his first State of the Nation Address in July, Marcos totally discarded lockdowns as a measure against Covid-19 — a decision hailed by the majority of the population particularly the business community.

To become an upper-middle-income economy, the country must achieve a gross national income per capita of $4,256 to $13,205. PHOTO FROM PIXABAY

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