• 04/18/2019
  • 06:36 PM
League Online News
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A CALL OF SOBRIETY FOR ECONOMIC STABILITY



Cebu business leaders have agreed that the continued attack by a few elements of society in this part of the country and elsewhere on President Rodrigo R. Duterte on his war on drugs which has been linked to so-called extra-judicial killings now reaching international concerns and other Duterte-initiated programs may slowly erode the political stability of the nation but the country’s economy is still robust and continues to show significant improvements, it was learned over the weekend.

These Cebu business leaders, the report said, have joined together and pledged unconditional support to His Excellency President Rodrigo R. Duterte, to Cebu City Mayor Tomas R. Osmeña and Cebu Governor Hilario P. Davide III, believing that although there are still threats to alleged economic sabotage, Cebu and the country are still winning in efforts to fast-track economic developments.

“Our economic gains under these three leaders are still achieved, not derailed as some sectors would like people to believe,” the report quoted business leaders as saying.

Financial institutions, the report says, still have high respect on the performance of the Philippine economy despite calls for political upheavals, thus business confidence in Cebu and elsewhere in the country is still very transparent.

The Cebu business community, the Cebu and Philippine Chamber of Commerce, the Cebu Furniture Industries Foundation and the Philippine Exporters Confederation in Cebu “are still confident that transparency and the rule of law in administering sanctions and legal proceedings against individuals who have violated the ideals of the Constitution will be so observed and upheld against  those who are held accountable for illegal activities regardless of stature in the society and government,” the report said.

“In consideration of the national interest of the country, we, the business leaders of Cebu, are calling on the political leaders and the public to act in sobriety and vigilance,” the report added.

Photo from CCCI

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