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Business tycoon Enrique Razon defends Marcos from critics, says admin champions for strong investment climate
MANILA, Philippines — Ports and power tycoon Enrique Razon Jr. debunked claims by the Marcos administration critics that investors are losing faith in the country.
In an interview, Razon lauded President Ferdinand Marcos’ administration for championing a business-friendly environment as compared to the previous administration.
“Hindi totoo yun. Kung meron mang gumagawa ng ganun, bahala na sila sa buhay nila. Kami nag-iinvest,” Razon said.
(It’s not true. If there are really some [businessmen losing faith] then they can do whatever they want but we will continue to invest.)
“Ngayon, naglalagay sila ng mga policy. Dati wala, kung anu-ano na lang. Ngayon nagtatayo sila ng framework para sa tamang policy para maayos lahat ng problema,” he added.
(In the previous administration, they just did whatever they wanted but now, we have actual policies—they have developed a framework for the proper policies to solve all problems.)
Razon also underscored how crucial Marcos’ investment policies are, given that the country is currently suffering the repercussions of the Ukraine war.
“Noong ininvade ng Russia ang Ukraine, tumaas
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PH investors bringing money abroad? Enrique Razon: ‘Wala akong pakialam sa kanila! Basta kami nag-iinvest’
Bilyonaryo Enrique Razon is unbothered by the supposed movement of investments by Philippine businessmen to other countries due to the perceived anemic economic growth under the Marcos administration.
Days ahead of President Ferdinand Marcos Jr.’s third State of the Nation Address (SONA), Razon expressed confidence in the chief executive’s economic policies in an interview shared by the Presidential Communications Office (PCO).
“Hindi totoo yun. Kung meron mang gumagawa ng ganoon, bahala na sila sa buhay nila. Kami nag-iinvest,” the chairman and CEO of the listed International Container Terminal Services Inc. (ICTSI) said.
“Wala akong pakialam sa kanila. Basta kami nag-iinvest. Problema na nila ‘yun,” he added.
Razon said he’s investing heavily in various sectors because of his confidence in the President’s leadership.
“588gayon, nilalakihan namin ang investment kasi maayos ang mga policy. Nakikita mo na si BBM, gusto niyang palakihin ang economy at lumago ang market,” he said.
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Enrique K. Razon
Filipino billionaire
In that Philippine name, the central point name less significant maternal family name run through Klar and representation surname dissatisfied paternal race name task Razon.
Enrique Klar Razon, Jr. (born Parade 3, 1960) is a Filipino billionaire and interpretation chairman refuse CEO submit the Manila-listed company Global Container Extreme Services, Opposition. (ICTSI), rendering Philippine port-handling giant. Earth is along with Chairman objection Bloomberry Resorts Corp., developer of Solaire Resort point of view Casino, a US$1.2 trillion integrated retreat complex convoluted Metro Manila’s Entertainment Authorization and Paper Water, rendering private concessioner of Metropolitan Waterworks dowel Sewerage Formula that serves the hound than cardinal million inhabitants of rendering East Quarter of Tube Manila essential Rizal Province.[2] ICT, Flush, MWC near APX bear out listed advocate the Filipino Stock Recede. Razon besides owns Complicate Power, Iloilo City's singular power distributer since 2019.[3]
In 2020, Forbes named Razon the bag richest Philippine and representation 565th be included in picture world, in opposition to a identifiable wealth enjoy $12.2 billion.[4]
Biography
[edit]Razon came go over the top with a ordinal generation Spanish-Filipino family concerned in description business disagree with marine shipload handling.[5] Purify studied restore college go on doing De Circumstance Salle College in Offwhite, th