Warning: This news is not for the faint-hearted(
yellow)
No US company leaving the country – Dominguez
No American company is leaving the Philippines, Finance Secretary Carlos G. Dominguez III said following his meeting with the top US business executives over the weekend.
In a meeting, which lasted for about one hour and fifteen minutes on Saturday, Dominguez cleared up with the American Chamber of Commerce of the Philippines (AmCham) members the controversial pronouncements of President Rodrigo R. Duterte against the US.
“Basically we discussed how to increase employment, and their usual concerns,” Dominguez told the Manila Bulletin, noting he also assured the economic relations between the Philippines and the US will remain intact despite Duterte’s tough rhetoric against Washington.
When asked if there are American companies threatening to leave the Philippines following Duterte’s anti-US rhetoric, Dominguez said “No, wala naman. We told them, you should be a bit happy because the peso is depreciating against the dollar.”
According to the finance chief, he also asked US businessmen if there are threats against their operations in the Philippines.
“Has anything been done [by the government against you]? No daw. Is there any permit canceled or delayed? No daw,” Dominguez recounted, adding “if there any, tell me, call me. If anybody is harassing you, tell me. I will take care of it.”
No US company leaving the country – Dominguez » Manila Bulletin Business
With this news i will be taking the stairs more frequently.