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Foreign investors maintain negative perceptions of Marcos’ rule

Economists said foreign investors' confidence in the Philippines under the next administration led by presumptive president Ferdinand Marcos Jr. may remain shaky due to high debt, elevated inflation, and uncertainty arising from Marcos’ lack of clear economic policies. UnionBank of the Philippines chief economist Ruben Carlo O. Asuncion said that it is unfortunate that because of the Martial Law years and the unresolved ill-gotten wealth issues, Marcos Jr. may face negative investor perception, specifically among the foreign investor community. Leonardo A. Lanzona, an economics professor at the Ateneo de Manila University, said he would not be surprised if more investment firms drop the country in their investment lists.

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