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Author Topic: Political noise erodes investors' confidence  (Read 221 times)

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Political noise erodes investors' confidence
« on: July 14, 2017, 05:17:43 PM »
Political noise erodes investors' confidence

MANILA (24 June 2005) -- The growing political noise hounding the Philippine nation is starting to erode investors' confidence at a time when the country needs it most to meet the uncertainties in the global economy.
Press Secretary Ignacio Bunye made the statement after the International Monetary Fund (IMF) commented that political storm may derail economic prospects as other international financial institutions start to notice the political storm buffeting President Gloria Macapagal-Arroyo's government.

Bunye, who is also the Presidential Spokesman, pointed out that the opposition continues to sabotage the economic gains but the Filipino people continue to thwart all efforts intended to weaken the economy.
He, however, expressed confidence that these incipient fears would be overcame by the country's strong economic fundamentals as the Arroyo Government remains determined to stay in the course of urgent change and reform.
"Our economy is resilient enough, and our political system's mature enough, to withstand all challenges," Bunye added. (PIA-MMIO)
Romans 10:9-10
"If you declare with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved. For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved."

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