Duterte welcomes responsible foreign investments

Published May 3, 2019, 5:17 PM

by AJ Siytangco

By Genalyn Kabiling

The country welcomes foreign investors but urged them to be “responsible” in promoting development, President Duterte said recently.

President Rodrigo Roa Duterte delivers his speech during the opening ceremony of the 7th Union Asia Pacific Regional Conference held at the Philippine International Convention Center in Pasay City on April 23, 2019. (KARL NORMAN ALONZO/PRESIDENTIAL PHOTO / MANILA BULLETIN)
President Rodrigo Roa Duterte 
(KARL NORMAN ALONZO/PRESIDENTIAL PHOTO / MANILA BULLETIN)

The President, speaking to the Chinese business community in Beijing last weekend, acknowledged that investments help spur the country’s infrastructure development as well as generate jobs for Filipinos.

“The Philippines welcomes responsible foreign investors as partners for national development,” he said during the business forum.

“The Philippine government guarantees, through good governance, an enabling environment that allows business and investments to prosper,” he added.

At present, Duterte recognized that China is the country’s largest trading partner and major source of foreign investments.

He also lauded the Belt and Road Initiative led by Chinese President Xi Jinping, saying the program complements the government’s “massive push for infrastructure development” under the Build, Build, Build program.

Duterte also assured the investors that he would not allow corruption and instead promote a friendly business atmosphere in the country. He urged them to report to his office any complaint of corruption or delay in government transactions for proper action.

 
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