{"id":110627,"date":"2017-08-08T21:42:55","date_gmt":"2017-08-09T01:42:55","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=110627"},"modified":"2025-01-13T14:05:52","modified_gmt":"2025-01-13T19:05:52","slug":"solon-hails-ph-business-growth-amid-marawi-crisis-claims-of-hr-abuses","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/08\/08\/solon-hails-ph-business-growth-amid-marawi-crisis-claims-of-hr-abuses\/","title":{"rendered":"Solon hails PH business growth amid Marawi crisis, claims of HR abuses"},"content":{"rendered":"
\"Davao
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57-billion budget for 2018. (PNA Photo)” width=”415″ height=”260″ \/><\/a> Davao City Rep. Karlo Alexei Nograles (in photo) especially noted that the Philippines has remained a major investment magnet, as presented by the Department of Trade and Industry (DTI) during its presentation of the agency\u2019s proposed PHP6.57-billion budget for 2018. (PNA Photo)<\/figcaption><\/figure>\n

MANILA, Aug. 8<\/strong>\u00a0\u2014 The chair of the House Appropriations Committee on Tuesday hailed the country\u2019s thriving business sector despite allegations of human rights violations and the ongoing Marawi crisis.<\/p>\n

Davao City Rep. Karlo Alexei Nograles especially noted that the Philippines has remained a major investment magnet, as presented by the Department of Trade and Industry (DTI) during its presentation of the agency\u2019s proposed PHP6.<\/p>\n

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57-billion budget for 2018.<\/p>\n

During the hearing, Nograles sought clarification on the government\u2019s programs, particularly on foreign trade and promoting the influx of foreign investments since the start of President Rodrigo Duterte\u2019s presidency.<\/p>\n

DTI Secretary Ramon Lopez stressed that the challenges posed by the human rights issue and the Marawi crisis did not diminish foreign business confidence as evidenced by the booming trade and economic development of the country.<\/p>\n

\u201cThe efforts of President Duterte, especially his trips abroad, opened the doors wider for foreign investors to\u00a0invest in the country\u2019s economy,” Lopez told lawmakers.<\/p>\n

The DTI chief said that with China alone, the country’s bilateral trade grew by at least 62 percent.<\/p>\n

On the other hand, he pointed out that the President’s trip to Russia yielded an outright Russian purchase of about USD 2.5-million of agricultural products from the Philippines.<\/p>\n

\u201cThe deal would promote Philippine agricultural products while increasing farmers\u2019 income and create more jobs in the rural areas,\u201d Lopez said.<\/p>\n

He likewise revealed that in the various trips abroad with the President, he had \u201cnever encountered any complaints\u201d about the stability of the business climate in the Philippines.<\/p>\n

In fact, Lopez told the lawmakers that the President\u2019s declaration of martial law in Mindanao is being regarded by foreign business chambers as a necessary peacekeeping move by the government, including the sustained war against illegal drugs.<\/p>\n

The DTI official believed that foreign investors are confident of the efforts of the government to maintain a conducive business climate in the country.<\/p>\n

Furthermore, the DTI official cited the independent foreign policy being pushed by the current leadership which allowed the country to become \u201cfriend to all and enemy to no one.\u201d<\/p>\n

Nograles reacted by saying that the President\u2019s sustained campaign and programs to attain peace, stability and national discipline will ensure the country\u2019s march to meaningful inclusive socio-economic development.<\/p>\n

\u201cThe president\u2019s unrelenting war against illegal drugs and corruption in public service, among others, will surely help heighten people\u2019s participation in a progressive and clean governance which are among the vital ingredients to achieve real and inclusive development,\u201d Nograles said.<\/p>\n

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\u00a0(PNA)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA, Aug. 8\u00a0\u2014 The chair of the House Appropriations Committee on Tuesday hailed the country\u2019s thriving business sector despite allegations …<\/p>\n","protected":false},"author":33,"featured_media":110629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[20107],"class_list":["post-110627","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","tag-davao-city-rep-karlo-alexei-nograles","mauthors-jose-cielito-reganit","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/110627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=110627"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/110627\/revisions"}],"predecessor-version":[{"id":283610,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/110627\/revisions\/283610"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/110629"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=110627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=110627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=110627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}