Investors have pressed for continuity by the new administration of the pro-business administration of President Gloria Macapagal Arroyo.

Francis Chua, President of the country’s largest and most influential business organization Philippine Chamber of Commerce and Industry (PCCI), said that several investors are just awaiting for the national elections in May to be over before they decide to invest.

“Investors would like to see a continuity of the pro-business policy of the Arroyo administration,” Chua said.

He said that what really concerned most of the investors is changing of business policies midstream.
“Well, of them say they are pro-business, but the real test of the pudding is in the eating,” Chua said.

According to Chua, investors are quite happy with the stable economic policies of the Arroyo administration, which term ends in June this year.

“The current administration is pro-business. You ask the taipans, they are so happy,” Chua added.
Chua said that would also investors in their decision-making is a smooth and peaceful transition of power.

“Once this happens, investors will come in,” he said.

The incoming investors are not only from China, but from all over the world, Chua said.

“These are long term investors whose entry was held back by the upcoming national elections, but they are coming back in July,” he said.