P-Noy's earned investment from US pleasantly surprises senators

September 29, 2010 10:31 am 

MANILA, Sept. 28 –- The US$ 2.5-billion investments gathered by President Benigno Simeon C. Aquino III from his United States working visit has surprised senators, including Senate President Juan Ponce Enrile.

Enrile said the President was only to sign a US$ 400-million millennium development fund but the Chief Executive has brought home more than that despite unpleasant developments being portrayed by wires news, specially the bloody hostage crisis.

”It's a surprise that he was able to convince that amount of money to come into the Philippines,” Enrile said in a media interview.

”If he succeeded in doing that, we should commend him. It is not easy to convince people to come to our shores to do business with all the news that are being purveyed by the wires coming from here, which are derogatory to us,” the veteran lawmaker added.

President Aquino announced last Sunday that his trip to the US had yielded more than P120 billion mostly investments.

”I thought that he was only going there to sign a …millennium fund but he has exceeded more than that. We should encourage him to do that. It means that there is still goodwill out there coming from what we did in 1986,” Enrile said.

For his part, senator Franklin Drilon said the good results of President Aquino's trip to the US are good indications that confidence of foreign investors remains high in the country.

”It's good indication that investments confidence in our country remain high,” Drilon said. (PNA) V3/jfm


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