Like i have written on here its not just phill brit familys this issue affects. It affects those who migt invest in the phill.

Say a rich investor wants to open a factory in the Phillpines from what i understand of the rules they can't in their own name. Even if they can open the factory which will employ possibly thousands of phills in the factory and in support services (every thing from delvivery drivers, cafe workers, to custom officers to check the goods they would export).
They can't buy a house in their own land yes they can rent but don't you want this rich investor to stay in the phillipines and not feel like a vistor?

If they feel like a vistor its far easier for them to move on, and not to stay and invest in phill.

Those who say only phillpinos can get the ecomony going need to exam the facts every country US,Germany,Japan,China even the UK has lots of forigen investment.

I know of Japanese nationals who have lived here for more than ten years and own propety they now feel an attachment to the UK so helping the UK attract more and continuing investment.

Care Workers are finding it harder to get in to the EU and in the future the US as they start to tap the latin american market for labour. Best idea is move the care homes to the Phillpines the weather is warmer and easier on the joints pensions go further and plenty of workers to look after you. Even british goverment pensions can be drawn in the Phillpines which is not possible in many countries.

But even if a british couple want to move here they will not be able to buy a house (Brits as most here know prefer to buy rather than rent)
Retirement villages could be opened up alongside areas where work is needed which will help the local ecomony. Not just care workers, but all the others services they will need.

If the Phillipines doesn't move quickly other countries will steal a march and they willl miss out or more to the point the everyday person will miss out on the investment it could bring.

If careful thought out it could transform the country and let people earn a living at home rather than away from family and friends.