Philippines to study charter change for investment push — MarcosThe National Economic and Development Authority Board, chaired by President Ferdinand R. Marcos Jr., approves on Dec. 14, 2023 four high-impact projects, plans and policies crucial to the country’s social and economic transformation. MANILA, Philippines — President Ferdinand Marcos said Friday he has ordered a study on whether the country's constitution needed to be revised to draw more foreign investment. Guided by economic provisions from the constitution, Philippine law outrightly bans foreign equity in mass media and small-scale retail trade. "My primary interest is to try and make our country an investment-friendly place," Marcos said Friday, adding the study was at an early stage. House of Representatives Speaker Martin Romualdez -- the president's cousin -- has separately said he would push for changes to the economic provisions of the constitution next year.
