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Bacolod City, PhilippinesFriday, March 2, 2012
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‘Entrepreneurs want early end to
impeachment proceedings’

MANILA – entrepreneurs have expressed hope that the impeachment proceedings against Chief Justice Renato Corona would conclude soon, even as they maintained the trial would not affect businesses.

“The sooner (this is this concluded), the better. It will be an advantage for us because we will be back to normal activities. And too much emotions involved in the impeachment will end,” said Philippine Chamber of Commerce and Industry president Miguel Varela.

Varela said they remained optimistic that the trial of Corona would not disrupt businesses despite debates on his impeachment.

“The private sector is comfortable with the trial in the sense that the process is being followed. Debates are always part of the game because when you talk of impeachment, politics is part of it,” he stressed.

The impeachment court adjourned Day 25 of the trial Wednesday. The proceedings will resume on March 12 for the defense presentation.

Varela said business outlook remains positive due to increased confidence of the entrepreneurs in Aquino administration.

“The private sector and investors appreciate thoroughly transparency, cleaning of bureaucracy and at the same time assuring a level playing field. With these, investors are lining up, come in here to be able to do business. That is why the (stock) market for the first time reached a record-high of 5,000,” he noted.*PNA


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