MANILA, Feb. 12 -- Easing foreign ownership restrictions enshrined in the constitution will lead to more foreign direct investments (FDIs) coming in the country, an official of the National Economic and Development Authority (NEDA) said Monday.

During the Senate's second hearing on the Resolution of Both Houses No. 6 (RBH 6), Undersecretary Rosemarie Edillon said allowing foreign investments would result in better quality of education and would later produce a competitive workforce.

Edillon pointed out that foreign investors decide to invest in a country based on three categories: market, resources, and efficiency, which Philippines would likely fall into.

"Because we are not really a big market. Minerals, we're kind of still iffy on t...