00:00 The National Economic Development Authority favors the removal of some restrictions on foreign investment in the country.
00:09 Secretary Arsenio Balisacan believes that more investors will be interested if there are no restrictions and the Philippines will be more competitive.
00:19 According to the NEDA, aside from the restrictions on foreign investments, there are big investors who are not interested due to other issues such as red tape and high electricity bills.
00:31 What are your thoughts on the removal of restrictions on foreign investment in the country?
00:33 I think we can agree very soon because we don't also want that uncertainty because one of the factors that inhibit investments, whether it's domestic or foreign, is a state of uncertainty.
00:55 So we hope that our leaders will come to a common position quickly so that we can move on.
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