Ex-Malaysian PM: Pol­i­tics have no im­pact on in­vestors

The Freeman - - BUSINESS -

The re­cent tirade of Pres­i­dent Ro­drigo Duterte against the United Na­tions and the Euro­pean Union has no real im­pact on in­vestor sen­ti­ment, for­mer Malaysian Prime Min­is­ter Ma­hatir Bin Mo­hamad said on Fri­day.

"In­vestors are busi­ness peo­ple. What they want is to make money ... They don't care about pol­i­tics," Ma­hatir told re­porters in a brief­ing on the side­lines of the 49th Fi­nan­cial Ex­ec­u­tives In­sti­tute of the Philip­pines con­fer­ence in Makati City.

The for­mer Malaysian premier made the state­ment when asked to com­ment about Duterte's di­a­tribe against the UN and the EU late Thurs­day.

The Pres­i­dent dared crit­ics of his cam­paign against il­le­gal drugs to push for the Philip­pine ex­pul­sion from the UN and dared the EU to cut diplo­matic ties with the coun­try and for diplo­mats to leave in 24 hours.

Ma­hatir said in­vestors will come to the coun­try as long as rule of law and sta­bil­ity ex­ist.

Like­wise, busi­ness con­sul­tant and Wal­lace Busi­ness Fo­rum founder Peter Wal­lace noted that in­vestors in the Philip­pines were get­ting used to Duterte's com­ments.

"They now re­al­ized that these com­ments do not nec­es­sar­ily trans­late into poli­cies," Wal­lace told GMA News On­line on the side­lines of the press brief­ing.

Wal­lace noted, how­ever, that the Philip­pines may be hav­ing dif­fi­cul­ties in at­tract­ing new in­vest­ments be­cause in­vestors are get­ting the "wrong per­cep­tion" about the coun­try.

"The re­al­ity is busi­ness is un­changed and you'll see con­tin­u­ing sta­bil­ity," Wal­lace said.

On­line)

(GMA News

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