Punishing local investors

BASIC economics tells us that any country needs investments in order for the economy to get moving. It is the principal reason why world leaders travel thousands of miles to lure citizens of the world to invest in their countries of origin. It is precisely the reason why nations need to establish friendly relations with one another. In fact, besides seeking friendly or diplomatic accords, governments strive to forge and strengthen economic pacts with other countries to attract foreign investment and help fuel the economy.

President Aquino has gone several times halfway around the world to lure investors to our country. But lately, the actions of local agencies seem to run counter to the president’s objectives of building a sound economy.