[Trending Now] 'Lumayas kayo' Says Pres. Duterte on Investors Turned Off Of His Bad Mouth; Will Deal with China and Russia Instead.
Following the statement of Credit rating agency Standard & Poor's (S&P ) Global Rating on upgrades are quite impossible fo...
Following the statement of Credit rating agency Standard & Poor's (S&P) Global Rating on upgrades are quite impossible for the Philippines at the moments as investors are turned off with Duterte's bad mouth, President Duterte whipped back strong saying that he doesn't care.
"(I)nternational investors may be getting worried about potential diplomatic complications and short-term law and order issues on the ground,"stated by S&P on the Asia-Pacific Economic Snapshots in the September 2016 issue.
But the President dismissed this threat and said:
"Do not keep complaining about my mouth because my mouth is not the problem. It cannot bring down a country," said Duterte in a speech in Cagayan De Oro on Thursday.
"Ang issue dito hindi ang bunganga ko. And they are saying the ratings sa business, sa economy. Eh 'di so be it. Lumayas kayo. Then we can start on our own. I can go to China. I can go to Russia. I had a talk with them. They are waiting for me. So what the hell."
It can be recalled that Duterte has amde headlines internationally for the past months because of his strong statements and profane language. But in his speech in Misamis Oriental, he simply said: "Sabihin nitong mga... na BB plus credit, wala akong pakialam sa inyo,"
However, the palace officials had a different tone regarding the issue and were much more diplomatic. Presidential Communications Secretary Martin Andanar said:
"We welcome S&P’s decisions as it gives government greater resolve to make our economy growth robust, sustainable and inclusive. The fundamentals of the economy are solid and strong,"
"We are the fastest growing economy in the second quarter of 2016 and we shall seize this economic momentum to bring about inclusive developments to our people. Any hiccups to slow down growth will depend on the overall performance of the global economy."
"The President’s commitment in the anti-illegal drug campaign and criminality will enhance the country’s image to attract more foreign investment," he said.
"Peace and order is a must, for investors to invest more in the country and we thank the Filipino for having a better appreciation of the positive changes now happening under this administration. As we all know, consumer optimism soared at the start of this presidency."
In a seperate statment, Trade Secretary Ramon Lopez said "Kasi ho si President Duterte tingin po naming even sa business sector, siya po talaga determined lang to help the Filipino people, to ensure peace, security, drug-free, illegal drug-free. Iyon din po ang pangako sa ASEAN nagkasundo doon at siya po talagang he is just after our welfare,"
Meanwhile, Duterte also left a message for all his critics on the administration's war against drugs and said: "There is no law at all [that stops anyone from threatening criminals]. Mind you, Human Rights Commission, tarantando pala kayo, there has to be a law."