Palace confident investors won't lose interest in PH amid corruption risks
PCO Undersecretary Claire Castro
Investors are more keen in investing in a country whose leader fights corruption.
This was how Malacañang made an assurance over the reputational risks the ongoing investigation on corruption practices may cause to domestic and foreign investments.
"We all know that investors want to invest in countries whose leaders fight corruption, whose leaders who are willing to put in jail people who are corrupt," Palace Press Officer and Communications Undersecretary Claire Castro said on Monday, Sept. 22.
Castro further said that with the recent move of Marcos to expose the massive flood control corruption and establish an independent body to investigate the anomalies, investors would actually "respect the President even more."
"So tingin natin, with that, we believe na lahat ng investors mas hahahangaan ang Pangulo dahil lumalaban sa corruption (So, we believe that with this, all investors will respect the President even more because he is fighting against corruption)," Castro said.
The Palace official also stressed that Marcos was the one who initiated the investigation into the widespread anomalies in the country's flood control projects.
"And that is what the President is doing right now. Siya lamang po ang Presidente na nagpapaimbestiga ng malawakang anomalya, especially itong flood control projects kahit sa panahon ng kanyang administrasyon (He is the only President who is initiating an investigation into widespread anomalies, especially in the flood control projects, even during his administration)," Castro said.
"Walang sino man sa ngayon na nalalalaman tayo na pinaiimbestigahan niya ang sariling administrasyon. Lahat halos ay nagmamalinis, pero ang Pangulo ay matapang na lumabas upang ipaalam sa tao ang maaaring pang-aabuso sa kaban ng bayan (No one else is known to be investigating their own administration. Almost everyone else is pretending to be clean, but the President bravely came out to inform the people about potential abuses of public funds)," Castro added.