P1.7 trillion investments show confidence in Philippines

MANILA, Philippines — For some members of the House of Representatives, the P1.7 trillion in investments infused by local and foreign traders in 2023 proved business confidence in the country and in President Marcos.

This was the consensus made by House Assistant Majority Leaders Amparo Maria Zamora (Taguig City) and Mikaela Angela Suansing (Nueva Ecija) and Deputy Majority Leaders Jude Acidre (Tingog party-list) and Faustino Dy (Isabela) on Thursday.

According to Zamora, the P1.7-trillion investments infused into the Philippine economy should silence the critics of Marcos’ frequent foreign travels.

“I think this is one of the ways of President Marcos to show his bashers that he was not taking a rest when he travels but he works (hard) for the country,” Zamora said.

Suansing noted that the Philippines is an “economic superstar” in the international community.

She cited some of the economic and investment trips of the President, including the historic trilateral meeting with the United States and Japan, and the World Economic Forum in Davos.

“That really goes to show how much of an economic superstar the Philippines has become in the international community… All of the big businessmen, all of the heads of state, want to have like a one-on-one meeting with our President, with our Speaker (Martin Romualdez). So that’s how well respected we’re becoming,” Suansing said.

The lawmaker maintained that the reason why the House is proposing Charter reforms is to make it “easier for the Philippines to be more open to business.”