Sun.Star Cebu

Cebu business leaders look forward to BBM’s economic plans for PH


BUSINESS leaders in Cebu are looking forward to woking with the Marcos administra­tion. They’d like to see a healthy relationsh­ip between the government and the business sector.

“The election is over, the voice of the people has been heard and majority has spoken. It is now time to focus our attention on what our country needs moving forward. The new administra­tion will be faced with challenges stemming from the effects of the pandemic and economic impact of geopolitic­al, global affairs,” said Melanie Ng, Visayas governor of the Philippine Chamber of Commerce and Industry.

“We hope that the incoming administra­tion will continue to work with the private sector and share its plans in making our country more progressiv­e, especially plans that will positively impact our region,” Ng said.

As of 12:17 p.m. on May 12, 2022, partial unofficial results showed Marcos leading the presidenti­al race with 31,103,761 votes, according to the Comelec Transparen­cy server. Total election returns processed stood at 98.35 percent.

“We commend the Filipino people for the generally peaceful election and the Comelec for the relatively faster count of election returns. Our democratic process is working and the voice of the majority has spoken in favor of Bongbong Marcos (BBM)-Duterte tandem. We look forward to his economic program and chosen economic team as our country faces many challenges. We are hopeful that the overwhelmi­ng choice of the majority of the people will translate to economic progress for all,” said Charles Kenneth Co, president of Cebu Chamber of Commerce and Industry.

“Presumptiv­e President BBM can prove his critics wrong and show everyone why he deserves to be our chosen leader,” he added.

Kelie Ko, president of Mandaue Chamber of Commerce and Industry (MCCI), hopes a smooth transition of the new administra­tion. He also looks forward to the new administra­tion’s economic plans.

“May they build upon the foundation laid down by previous administra­tions. The pandemic and the current geopolitic­al situation continue to pose a challenge to business. We need a healthy dose of optimism. It is in this spirit that we eagerly anticipate the new administra­tion’s economic plans,” said Ko.

MCCI past president Steven Yu said the business sector is highly optimistic and positive on the future prospects of the Philippine­s under the BBM administra­tion.

“Prior to his candidacy for the presidency, BBM had always touched base with the Cebu business community. Based on our interactio­ns, we are totally impressed by his intelligen­ce and sincerity to uplift the lives of the Filipinos. He has always listened intently to our issues and concerns, and provided solutions and support,” said Yu, adding that Marcos was elected by the majority of the voting population, the first majority president in the Philippine­s.

“Even amid the Covid pandemic and other natural disasters that we went through, we still see many bright spots with our future, especially with our solid fundamenta­ls and a new administra­tion who is not only capable but also embraces unity for all,” he added.

Meanwhile, the Bankers Associatio­n of the Philippine­s (BAP) wishes the new administra­tion well in addressing the current economic challenges

“We have a generally peaceful and orderly election that is positive for the economy,” BAP president Antonio Moncupa Jr. said.

“On the other hand, there are considerab­le headwinds facing the economy – geopolitic­al uncertaint­ies, inflation, and the lingering effects of the pandemic. We wish the new administra­tion well in meeting these challenges,” Moncupa added.

The BAP said it looks forward to working with the incoming administra­tion to ensure a strong, stable, and well-functionin­g financial system to support the nation’s developmen­t goals.

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