PRESIDENT Bongbong Marcos Jr. is actively encouraging countries to invest in the Philippines.
In fact, the President has already made more than 22 international trips since taking office to attract investments.
Federation of the Filipino Chinese Chambers of Commerce & Industry (FFCCCII) President Dr. Cecilio Pedro, welcomed this move as it shows the President’s good intentions, especially since the government needs to make the country attractive for foreign investors.
FFCCCII President: China, Philippines need to talk again to resolve West PH Sea dispute
However, the FFCCCII President said that tension in the West Philippine Sea may not be conducive for large investments.
Dr. Pedro believes that China and the Philippines do not need to be at odds in the sea, and the two countries can resolve issues through sharing or having joint ventures in the WPS.
All that’s needed is for the two countries to talk again to resolve any disputes in the said waters.
When asked about the seeming alignment of the country with America amid tensions in the WPS, Dr. Pedro said that other countries shouldn’t meddle in the maritime dispute.
Businessmen also have concerns about Charter Change—FFCCCII President
Meanwhile, many businessmen are also uncomfortable with Charter Change being pushed when it comes to discussing investment.
At present, they are unsure about the path Cha-Cha is taking.
