By Macon Araneta
Threatening investors with imprisonment should they refuse to accept a government-imposed contract is criminal behavior under the Revised Penal Code, stressed Sen. Francis Pangilinan.
“Coming as it does from the highest office of the land sends the terrible signal to all investors whether foreign or local that they too can be imprisoned without bail should they disagree with the powers that be,” said Pangilinan, also president of the Liberal Party.
The opposition leader also urged the country’s economic team led by Sec. Dominguez to manage and correct the harm inflicted on the country’s investment climate brought about by such reckless and irresponsible public pronouncements.
He warned that a bleak investment climate makes for a bleak situation on investments as well as jobs creation that come with it..
He cited the statement of Socio-economic Planning Sec. Ernesto Pernia, who said 2.3 million Filipinos remain jobless and another 5.9 million under-employed.
“We should be part of the solution to address joblessness in the country, not part of the problem,” further stated Pangilinan.
The Senator issued the statements in the wake of threats by President Rodrigo Duterte that appropriate charges would be filed against private water firms — Maynilad Water Services Inc. and Manila Water Co. Inc. — if they will not accept the new contracts sans the onerous provisions he offered them.
For more on the story please visit: https://filamstar.com/sf-bay-area-entrepreneurs-along-with-ms-philippines-2019-usa-host-a-toy-drive-with-tfc-to-help-non-profit-project-pearls-bring-christmas-back-into-the-lives-of-less-fortunate-kids-in-the-philippines/
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