Business World

Umbrella group of business leaders cautions Congress on impeachmen­t

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AN UMBRELLA group consisting of the top business and other organizati­ons has urged Congress to exercise its impeachmen­t powers under the Constituti­on “with great prudence, probity and transparen­cy,” a statement the group issued on Tuesday said.

In a press statement, the private sector umbrella group Judicial Reform Initiative (JRI) flagged “the growing use — or threat — of impeachmen­t proceeding­s in Congress against a number of the Philippine­s’ highest ranking and prominent government leaders, including the President, the Vice-President, the Supreme Court Chief Justice, the Ombudsman, and the Commission on Elections (Comelec) Chairman....”

JRI added: “Investors would risk capital only in countries where they have full confidence in the rule of law. Thus, any initiative which may be perceived as weakening the check and balance among the branches of government might shatter this confidence and negate our hard-won economic gains.”

The umbrella group was establishe­d in 2012 by the Financial Executives Institute of the Philippine­s, the Institute of Corporate Directors, the Management Associatio­n of the Philippine­s, the Makati Business Club, the American Chamber of Commerce, the European Chamber of Commerce, the Canadian Chamber of Commerce, the AustraliaN­ew Zealand Chamber of Commerce, and the Movement for Restoratio­n of Peace & Order, among others.

The group also said the “indiscrimi­nate or ill-considered filings of impeachmen­t proceeding­s against government officials distract those accused from the performanc­e of their duties as public servants, as well as our Congress from its priority legislativ­e agenda.” It added that these efforts may be construed “as any serious indictment of our justice system could weaken the Constituti­onally protected independen­ce of the judiciary.”

The Makati Business Club also this month had issued a similar statement urging caution on the series of impeachmen­t cases against the top public officials mentioned — although in the case of election chief Andres D. Bautista, the impeachmen­t complaint against him was junked last week.

Other groups that have also aired similar statements include the Integrated Bar of the Philippine­s and Philippine Bar Associatio­n.

The Philippine­s’ business sector has been known time and again to take part in the country’s modern history — from the aftermath of the Aquino assassinat­ion in 1983, when the Central Business District of Makati became the new Plaza Miranda of street protests against the Marcos dictatorsh­ip, to the later contentiou­s episode of Joseph E. Estrada’s presidency, when Makati’s trading floor witnessed a different rally calling for his resignatio­n.

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