NEDA Chief Pushes Foreign Investment Reforms, Urges Lifting Ownership Limits
• NEDA Secretary Arsenio Balisacan urges removing "unnecessary restrictions" on foreign investments • Says constitutional limits on foreign ownership cause investments to go to neighboring countries • Believes opening education to full foreign ownership is "long overdue" • Acknowledges concerns about politicians removing term limits if Constitution is opened • Notes other actions needed to support growth, like easing doing business, cutting energy costs