With P1.7T in investments coming in, confidence in PH, PBBM at an all-time high – lawmakers

MEMBERS of the House of Representatives have declared that the recorded P1.7 trillion investment in 2023 coming from both within and beyond the country’s borders is proof that investor confidence in the country and in the leadership of President Ferdinand “Bongbong” R. Marcos Jr. is at an all-time high.

This was the consensus made among House Assistant Majority Leaders Amparo Maria “Pammy” Zamora (Taguig City, 2nd District) and Mikaela Angela “Mika” Suansing (Nueva Ecija, 1st District) and Deputy Majority Leaders Jude Acidre (TINGOG Partylist) and Faustino “Inno” Dy (Isabela, 6th District) during the daily press briefing Thursday at the House of Representatives.

For Zamora, the fact that P1.7 trillion in investments were infused into Philippine economy should silence the critics of the frequent foreign travels of President Marcos.

“So siguro isang paraan ito ng Presidente para ipamukha sa kanyang mga bashers na ito ang produkto ng kanyang pagbya-byahe at hindi lang ito simpleng pagpapahinga at nagtratrabaho talaga ang ating pamahalaan,” Zamora declared. “I think sinabi ito ng Presidente kasi napakaraming pumupuna kapag bumibyahe siya … kung ilan na ba iyong biyahe niya na foreign trips at sino ang kasama niya. pero kita naman natin sa in-announce niya na almost P1.7 trillion in investments ang inani natin sa kanyang mga pagpunta sa mga foreign countries.”

Suansing agreed, and even continues to describe the Philippines as an “economic superstar” in the international community.

She mentioned some of the economic and investment trips of the President, including the historic trilateral meeting with the US and Japan, the World Economic Forum in Davos, and others.

“Makikita din natin na very well-respected ang ating mahal na Presidente sa international community. And really, personally, sobrang bilib po ako sa mga remarkable achievements and the recognition that our President is getting from the international community,” Suansing said.

“So 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. So that’s how well respected we’re becoming.” She said.

“That’s why on the part of Congress, we are helping with the amendments we are proposing in the RBH 7, the Charter reforms we are proposing. We are making it easier for the Philippines to be more open to business,” Suansing added. 

“Kung maisu-summarize sa isang salita, I think what the present situation tells us is, there is on-going confidence in the Philippines. Malaking factor duon ang ating Presidente at ang kanyang ginagawa,” Acidre for his part told reporters.

“Mas maraming naniniwala, mas maraming nagtitiwala sa ating Presidente. Hindi lang dito sa ating bansa kundi sa pandaigdigang lipunan, the international community. So, we are thankful and happy that the efforts of the President are finally paying off,” Acidre added.

President Marcos, during the Labor Day celebrations, disclosed that according to investment promotion agencies of the government, over P1.7 trillion in investments was recorded for 2023, which is expected to create 108,000 jobs.

“Ito ay pagpapakita lamang na nasa tamang track ang ating bansa, nasa tamang track ang ating Presidente. And kami naman sa House, we will continue to support the President and the House leadership sa pag-prepare, sa pag-draft, sa pagpursige sa mga batas at mga legislation na kailangan natin para mas maging handa pa tayo sa mga papasok na investments dito sa ating bansa,” Acidre noted.

Dy, meanwhile, said that the investment figures in 2023 is proof of the President’s pronouncements that the country is now open for business.

“Ito na po iyong outcome nito, ito na po iyong mga fruits of his labor kumbaga. Dahil nakikita naman natin may pledges na tayo or investments, this will equate to more jobs in the country once all these businesses are established, once all these investments are already fully operational,” Dy said.

“So napakagandang balita po iyan and I believe that this will continue to grow these next few years. Andito pa lang tayo sa first two years ng ating administration and I strongly believe that in the next few years, we would continue to reap more of these benefits from all these foreign trips and pledges,” he added. (END)

wantta join us? sure, manure...