Palace backs Roxas’ No Cha-cha

AN official said Thursday Malacañang is not worried that foreign investors’ enthusiasm will be dampened after Liberal Party standard-bearer Manuel Roxas II told a forum he was not likely to give priority to constitutional reform should he be elected President.

“Foreign investors look at the big picture: PH’s good governance and sound management of macro economic fundamentals in stable and predictable investment environment,” Communications Secretary Herminio Coloma Jr. said in a text message to reporters. 

“All of these may be sustained through the continuity of Daang Matuwid,” he said.

Roxas said Monday he would not give priority to amending the Constitution, which is said to be  overprotective of the Philippine economy, should he become President. 

“I don’t think that our Constitution is our weakest link. It’s not our stumbling block to economic growth,” he said.

The LP’s vice presidential candidate, Camarines Sur Rep. Leni Robredo, on Thursday said she remained optimistic and willing to fight against all odds despite running low on campaign funds.

“My belief is that if we show that we are doing a great job, help will ultimately come. I remain optimistic despite the many upheavals ahead,” Robredo told reporters in Pangasinan.

The widow of the late Interior Secretary and Naga City Mayor Jesse Robredo admitted she is running low in campaign funds, but

President Benigno Aquino III had assured her that the ruling party would take care of her.

Roxas noted that the Philippines’ economic growth averaged six percent in the past few years without having to amend the Constitution.

This was not the same for the previous administration but it had not been the Constitution that was holding the country back, he said. It was the graft and corruption.

Roxas said that when he was Trade secretary he never met a businessman or businesswoman who said he or she would not invest in the Philippines because of its Constitution.

What they complained to him about were red tape, graft and corruption, the Bureau of Customs, the Bureau of Immigration, the Bureau of Internal Revenue, and local government officials who harassed them.

Roxas said such problems would continue to exist whether or not the Constitution was amended. Sandy Araneta and John Paolo Bencito


Topics: No Cha Cha , Mar Roxas
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementGMA-Congress Trivia 1