Poll: Majority of Filipinos see easing of foreign investment restrictions will boost job quality in PH

Majority of Filipinos expressed belief that the removal of restrictions against foreign investments and businesses in the 1987 Constitution could lead to more high-quality jobs, better services, and lower prices of goods. 

This was according to a recent Pulse Asia survey commissioned by international think tank Stratbase Institute.

Survey results showed that 64% of Filipinos believed that lifting the restrictions may lead to “an increase in high quality jobs with high salaries and better benefits” while 56% believe that “services to stakeholders/customers will be better.”

Meanwhile, the survey showed that more than half or 55% of Filipinos also believed that such action may result in “foreign capital will dominate local investors and businesses” while 54% think that “the price of goods and services will decrease.”

The polling firm released the survey results on Wednesday during a consultative session on Charter change that was organized by Democracy Watch Philippines.

The survey, conducted from March 6 to 10, 2024, asked 1,200 respondents from all over the country about what they think would be the possible outcomes of the removal of restrictions against foreign investors or businesses in the present Constitution. —VAL, GMA Integrated News