26 Giant Asian and Euro Firms Vows to Invest in PH if Duterte Wins as President


Davao City Mayor Rodrigo Duterte with other CEOs during Asia CEO Forum. Image credit rappler.com

Davao City Mayor Rodrigo Duterte once again gets a big boost on his candidacy after Asian and European business executives throw their support behind the tough-talking mayor.

On June last year, Duterte was invited to speak to a group of CEOs from Asia and Europe during the 2015 Asia CEO Forum hosted by its chairman Richard Mills.

The forum was attended by almost a hundred local and international; business executives mostly from Europe and Asia. During the forum, Duterte was not cleared yet whether he will run for president.

On Monday, the same group of people gathered in another business forum in Frankfurt, Germany.

Indian business magnate and member of Tata Group Jayesh Singh told German newspaper Spiegel that his group will invest in the Philippines if candidate Rodrigo Duterte becomes the president. He further added that his group believes that Duterte can improve the country’s security.

On the same forum, 25 other chief of companies from Japan, Indonesia, Singapore, Australia, Malaysia, Denmark, Germany, India, and Austria said they will invest only if Duterte wins.

“Our meeting last June proved that the mayor can change his country. We had a good conversation and most of our concerns were properly addressed”, Australian CEO Rupert Jones told the paper.

The news was warmly welcomed by Duterte’s camp.

Campaign spokesman Danilo Abella said the news proves that the government under Duterte’s administration can easily create local jobs.

The companies who reportedly gave their commitment mostly involved in electronics, automotive manufacturing, power and energy generation, agricultural equipment manufacturing, information technology, metal industry, and waste recycling.

A CEO from Japan promised to bring Japan’s waste recycling technology into the country under Duterte’s administration, according to the paper. /Jovic Juego/


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