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The 4Ps Partylist Representative and House Minority Leader Congressman Marcelino Libanan recently voiced out his concern that the ongoing tensions between the Philippines and China in the South China Sea (SCS) could eventually have a negative impact on the entry of Foreign Investors into the Philippines.
Libanan said that the tensions, “... might dampen the Philippines’ efforts to attract additional Foreign Direct Investments that are badly needed to produce new Jobs for Filipinos."
“We are very concerned that prospective Foreign Investors might misperceive and misunderstand the tensions as a looming "Security Risk".”
"President Ferdinand Marcos Jr. has been visiting other Countries precisely to encourage their Corporations to put up Factories in the Philippines.”
“In fact, we, in Congress, are even trying to find ways to relax the restrictive Economic Provisions of our Constitution, in order to lure more Foreign Investors to come in and create new Employment Opportunities for Filipinos.”
"The Marcos Administration needs to reassure potential Foreign Investors that regardless of the Maritime Dispute, the Philippines remains highly conducive to profitable Business Activities.”
“We must stress that despite the Tensions, the Philippines offers a stable, peaceful and Safe Haven for the gainful production of Goods and Services by Foreign Investors.”
"The Philippines and China should exhaust all Diplomatic Avenues to de-escalate the Situation.”
Here is the Link to the Article at the Politiko Website: https://politiko.com.ph/2024/03/31/quick-solutions-needed-wps-tension-affecting-entry-of-foreign-investors-in-ph-libanan/politiko-lokal/
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| House Minority Leader warns that ongoing Tensions with China could discourage Foreign Investors |
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