Marcos shrugs off Robredo's better ratings among economists, investors

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Ferdinand Marcos Jr. says he favors using tax to subsidize oil expenses. He also dodges the issue of the unpaid estate tax debt of his family that could reach P203 billion. PHVote WeDecide

MANILA, Philippines – Presidential candidate Ferdinand “Bongbong” Marcos Jr. shrugged off polls and observations from the economic sector that investors were more confident in the Philippines if Vice President Leni Robredo wins the presidency.Robredo rated the highest at 106 among Philippine investors and analysts while Marcos placed fourth at 46, and Senator Manny Pacquiao placed fifth at 44.

“Well, we’ll just have to prove them wrong if we get the opportunity and we will,” said Marcos in an interview withAlbay Second District Representative Joey Salceda, an Arroyo-allied economist, endorsed Robredo as his choice of president even though former president Gloria Macapagal-Arroyo is backing Marcos. Salceda said his pick for vice president was Davao City Mayor Sara Duterte, Marcos’ running mate.

In an earlier statement, Salceda said it was because Robredo and Duterte “both inspire investors confidence,” citing feedback from bankers and foreign investors he had interacted with.Marcos’ father, the late deposed dictator Ferdinand Marcos, plunged the country to debt during his 20-year rule. From 1977 to 1982, the country’s total external debt under the dictator Marcos grew from $8.2 billion in 1977 to $24.

“Kahit na sinong pangulo na uupo, will have to earn that tiwala, [we] will have to earn that trust so any new administration will have to earn that trust. It doesn’t matter who is sitting kailangan papakita nila na kaya sila pagtiwalaan and that trade is trade,”, including former chiefs of the National Economic and Development Authority who served in the previous and current administrations.

 

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