The usual whipping boy for the country's laggard performance in attracting foreign direct investments (FDI) is the 1987 Constitution, with its overly restrictive provisions. In 2021, the Oxford Economics reported that the Philippines is the least preferred destination of FDI's in the Asean region due to its poor infrastructure and business environment. Among the nationalized restrictions in the Constitution are those on land ownership, industries that exploit natural resources, those that require a franchise, and educational institutions.

https://opinion.inquirer.net/162552/how-to-attract-foreign-investments-without-amending-the-1987-constitution

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