"Why should Foreign Invest in the Philippines despite of Marawi Siege"

Name: Arnold Caserial Jr.                                                                    Time: 3:30-4:30 PM

Course/Yr.: BSBA-MM- 3rd yr.                                                             Prof.: Kevin Rey Placer

"Why do investor still Invest in the Philippines despite of Marawi Siege"

Both admirers and critics of Pres. Rodrigo Roa Duterte acknowledge that there is fast momentum of real change and reforms now. In fact, I hear a lot of business people saying that this new administration marks the possible start of a new golden era for foreign and local investors to expand business operations in the Philippines. Despite the problem in Marawi City.

Charter change is coming on economic provisions. Moves to finally go forward in reforming the Philippine constitution can bring our investment policies up to par with or even more welcoming than those of our neighbors in ASEAN and Asia, thus boosting the profitability prospects for foreign and local investors. Lower taxes on business and personal incomes. Right now, we have among the highest business and personal income tax rates in the region. Reforms to lower these high tax rates will not only  boost the attractiveness of doing business in the Philippines for foreign and local investors, it will free up more disposable income among the citizenry and thus boost our consumer spending. I encourage foreign and local investors to already position themselves here in the Philippines, to start businesses or expand before this renewed economic boom.

Better peace and order despite the Marawi siege, According to Pres. Duterte everything is under control so that investors no need to worry about the clash in Marawi City. and  Drastic improvement in peace and order will boost tourism, and thus offer great opportunities for foreign and local investors to expand or go into resorts, hotels, spas and other tourism-related businesses. “If we enjoy a better peace-and-order situation under the reforms of President Duterte, the Philippines will enjoy a golden era of unprecedented growth in the tourism industry.”

Diplomacy reforms will boost the economy.  Philippine ties with our traditional ally and the world’s biggest economy, the US, will hopefully remain good under President Duterte, even as his wise reforms in foreign policy seem to indicate high hopes for normalizing and repairing crucial bilateral ties with the world’s second largest economy, China. We have been lagging  behind all our ASEAN competitors in economic engagement with China in recent years.

So, no need to worry about the clash in Marawi City it because according to the government everything is under control and they can handle and solve the problem made by the terrorist group. This terrorism cannot affect the growth of our economy, and no one can stop the growing economy of the country.