President Aquino yesterday said he is thinking of directing Foreign Secretary Alberto del Rosario to assure the European Chamber of Commerce of the Philippines (ECCP) that his administration will continue foreign projects that are beneficial to Filipinos as long as these are not anomalous.
“Perhaps I will ask the secretary of foreign affairs to contact them and to assure them that where there are projects that are reasonable, that are sound, that have economic benefit and of value to our people, they will continue,” Aquino said.
Hubert d’Aboville, ECCP president, has said foreign investors are holding back because of perceived lack of respect for perfected business contracts, like when a new administration rescinds contracts made by its predecessor.
He said investors want Aquino and his Cabinet secretaries to make a commitment that their investments will be solid for the next 30 years.
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