FastSaying
It won't be good for foreign investment. The political uncertainty is too great.
Ben Diokno
Investment
Uncertainty
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It won't be good for foreign investment not now. The political uncertainty is too great.
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Uncertainty is seen to retard investment independently of considerations of risk or expected return.
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If we see uncertainty easing, we expect investment to come back. It would be a boost to the economy.
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Whatever the government says about improving infrastructure, building schools and other essential services the fact is it just simply doesn't have the money. Servicing public debt alone last year (interest and amortization) ate up 95 percent of total revenues.
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It has certainly sent many negative signals not only here but internationally.
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