THE Board of Investments (BoI) reported on Thursday that it had surpassed its 2019 target of P1 trillion in investments as of October, the first time the country’s leading investment promotion agency has broken that lofty barrier. This is obviously very good news for the Philippines, and a sign of potentially even greater investment to follow in the coming year.
Our policymakers, while certainly entitled to commendation for a job well done, should nevertheless be mindful of possible unintended consequences moving forward.
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