By Kris Crismundo
MANILA, (PNA) — The largest business organization in the country, Philippine Chamber of Commerce and Industry (PCCI), is positive the local economy will continue to boom despite political scandals and natural disasters experienced by the country.
PCCI President Miguel Varela said in an interview the Philippine economy will still be able to uphold its momentum as it already gained interests from other countries.
Varela noted that even with the past natural calamities such as the killer earthquake in Central Visayas and typhoons which ravaged some regions, foreign investors are keen to expand businesses in the country.
”(The) Philippines received so much interest (from other countries) based on business missions we participated (in),” he said.
The business group leader added that investors prioritized the strengths and potential of the Philippine economy rather than circumstances which can be resolved.
Further, PCCI mentioned that the emergence of political issues nowadays including the controversial pork barrel system is actually a mark that the government is in the “cleansing stage” within its bureaus, addressing corruption in the country.
”This will serve as momentum of transformation despite issues on politics, disasters and territorial issues, among others,” said Varela.
”At the end of the day it’s business as usual for the Philippine economy,” the PCCI president concluded.