Salceda to Marcos economic team: Use policy reforms to boost FDI

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Salceda to Marcos economic team: Use policy reforms to boost FDI
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Albay Representative Joey Salceda on Saturday urged the economic team of President Ferdinand “Bongbong” Marcos Jr. to take advantage of policy reforms to increase the country’s appeal to foreign investors.

Albay Representative Joey Salceda on Saturday urged the economic team of President Ferdinand “Bongbong” Marcos Jr. to take advantage of policy reforms to increase the country’s appeal to foreign investors.from $987 million a year ago, data from the Bangko Sentral ng Pilipinas showed.“President Marcos is achieving progress in agriculture. This is one of the few times the sector [has] recorded positive growth. We need to capitalize on our strong Q3 GDP performance.

“We need major foreign investments in our renewable energy sector,” he said, noting that a surplus of renewable energy will reduce power rates in the country, cure some of the oligopolistic price abuses in the energy market, and even attract more foreign investments in various sectors, such as manufacturing.

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