Malacañang remains optimistic that foreign investors will continue doing business in the Philippines despite the political turbulence following the arrest of former President Rodrigo Duterte.
Palace Press Officer Undersecretary Claire Castro assured that the government is not concerned about investor confidence amid the current situation. She emphasized that foreign investors favor a country where leaders uphold the rule of law.
“In my opinion, and based on our upcoming meeting with the Bangko Sentral ng Pilipinas, the administration is not alarmed regarding investors. Foreign investors prefer countries where leaders adhere to legal processes,” Castro said in a GMA News Online report.
She added that investors are unlikely to support any administration that protects individuals involved in crimes against humanity, particularly murder.
Duterte was arrested on March 11 following a warrant issued by the International Criminal Court (ICC) over alleged crimes against humanity linked to his controversial drug war. On March 13, he was transferred to the Hague Penitentiary Institution, where he will remain in custody while awaiting trial.
The former president appeared before the ICC via video link on Friday, with his counsel, former executive secretary Salvador Medialdea, present in court. The confirmation of charges hearing is scheduled for September 23, 2025.
