What can the Philippine government do to make the country attractive to investors?

What should the government tackle first? The country may not be as big as China, but what can the government do about the corruption, poverty, political situation, etc.?

Investors want to see several things:

An efficient and stable banking system so money can be handled in a safe and efficient manner.

A political situation where they can feel safe that capricious changes in laws won't mean they are suddenly paying massive taxes, or losing their investments to misguided nationalization plans

Preferably, that there are pools of potential workers with skills or are trainable to do the work the investor needs.

Actually, investors can work with corruption and poverty. There are ways to pay off corrupt officials and jobs help alleviate poverty, but politics, banking and capricious lawmaking are death to business.

It is not so much the government but the environment itself.

As long as investors perceive instability of the environment, meaning government may suddenly change, suddenvchange in policies, laws... the Philippines will find it difficult to attract investors.