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Manila Bulletin devider Philippines devider National devider PBBM a 'champion for economic growth and job creation', says Romualdez 

PBBM a 'champion for economic growth and job creation', says Romualdez 

Published Dec 19, 2023 02:26 am

At A Glance

  • For House Speaker Martin Romualdez, President Marcos is hands down "a champion for economic growth and job creation". 

IMG-fa2e82371f3f2c0634a46bdbe0031c37-V.jpgPresident Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate)

For House Speaker Martin Romualdez, President Marcos is hands down "a champion for economic growth and job creation".

Romualdez said the chief executive proved this once again with his successful Japan trip during the just-concluded 50th ASEAN-Japan Friendship and Cooperation Commemorative Summit.

The trip resulted to over P771 billion in investment pledges and 40,000 jobs for the Philippines, Malacañang said.

"President Marcos has proven himself a champion for economic growth and job creation. These investment pledges secured in Japan are a testament to the international community's confidence in the Philippines' future under his leadership," Romualdez said in a statement Tuesday, Dec. 19.

"The promised over 40,000 jobs are not just numbers, they represent families lifted out of poverty, brighter futures for our youth, and a stronger middle class. President Marcos' dedication to attracting foreign investments translates directly into improved livelihood for our countrymen," added Romualdez, leader of the 300-plus strong House of Representatives.

The Tokyo summit took place from Dec. 15 to 18. Romualdez, who is arguably Marcos' top ally in the legislature, was part of Philippines' official delegation.

The ASEAN, of which the Philippines is a founding member of, stands for Association of Southeast Asian Nations.

The Palace has also reported P169 billion of actualized investments from agreements with Japanese investors signed last February.

For his part, Romualdez pledged the full support of the House of Representatives in the Marcos administration’s effort to create a more investor-friendly ecosystem in the Philippines not only for Japanese but also for other foreign businesses, through necessary legislation to address their concerns.

That's why he's here

In his address during the signing of new agreements and updates on investment pledges, Marcos said his administration continues to listen to issues, concerns, and suggestions of investors on “what needs to be done to continue supporting and ensuring their success in the Philippines.”

“That is why the Speaker of the House of the Representatives of the Philippines is here, accompanying us, on what is essentially is a business delegation but because of the laws in the Philippines dictate that all revenue measures that are undertaken or new laws that are revenue measures must originate from the House of Representatives," Marcos told Japanese business leaders.

According to Romualdez, the inputs and suggestions that they personally heard from potential investors during these trips "would be invaluable in crafting laws meant to answer the issues they have raised to ensure that these investment pledges would come to fruition and create jobs for thousands of Filipinos".

Romualdez earlier said the House would push for amendments to the restrictive economic provisions of the 1987 Constitution to further open the country’s doors to foreign investments.

Related Tags

Association of Southeast Asian Nations Martin Romualdez President Marcos
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