The successful and credible automated elections along with positive factors such as the apparent global economic rebound by the US and the political situation in Thailand driving investors to the Philippines would usher in robust investments inflow into the country.

This was the assessment of Trade and Industry Undersecretary and chairman of the Board of Investments Elmer C. Hernandez during a talk with reporters.

“Given the successful and credible elections that we’ve had that was recognized not only by local organizations but by foreign observers as well coupled with the global economic rebound as evidenced by the very impressive export performance, I expect more investments to come,” said Hernandez.

According to Hernandez, many of the investment leads that they have been following were put on hold as investors await the holding of the elections. Hernandez now admitted that prior to the elections, several investors feared that the automated election was going to fail.

“But now we’ve proven them wrong that we can have credible elections and show the world how vibrant the democracy in the Philippines is, so am sure they feel bullish about the Philippines and I expect these investments to materialize now,” Hernandez said.

The unstable political situation in Thailand is also going to sway foreign investors to take a look at the Philippines as an investment destination.

Hernandez said that because of the lingering political situation in Thai, some foreign investors that have earlier decided to invest in Thailand have changed their plans already.

Some of these investors have come up with a new shortlist of investment destinations even before the May 10 elections.

“The new shortlist has put a high priority on the Philippines,” he said.

“These are strategic or one time investments and they see the opportunities in the Philippines and other ASEAN countries. We expect to see the results of the shortlist after the elections,” Hernandez said.

A global economic recovery has just started as evidenced by the strong exports. The Philippine exports, which are mostly geared towards the US market, have been posting robust growth this year.