Palace: PH still attractive to investors with Marcos’ anti-corruption drive

Malacañang has expressed confidence that the Philippines remains appealing to investors, citing President Ferdinand Marcos Jr.’s firm stance against corruption.

Presidential Communications Office Undersecretary Claire Castro said the President’s commitment to transparency and accountability boosts investor confidence. 

“Investors want to invest in countries whose leaders fight corruption, whose leaders are willing to put in jail people who are corrupt, and that is what the President is doing right now,” she said during a Palace press briefing.

Castro noted that he is the only leader to order an investigation into anomalies within his own administration, particularly corruption in infrastructure projects.

Through Executive Order No. 94, issued September 11, Marcos Jr. created the Independent Commission for Infrastructure (ICI) to probe irregularities in flood control and related projects of the Department of Public Works and Highways (DPWH) over the past decade.

The ICI will be led by retired Supreme Court Justice Andres B. Reyes Jr., with former DPWH Secretary Rogelio Singson and SGV & Co. Managing Partner Rossana Fajardo as members.IMT