'It is my hope that the veto does not have a chilling effect on the potential local and foreign investors, whom we need now more than ever,' Senator Imee Marcos says of her brother's decision.
MANILA, Philippines – Senator Imee Marcos “recognizes” the prerogative of her brother, President Ferdinand Marcos Jr., to veto any bill, but said she is “deeply disappointed the Bulacan ecozone has been canceled.”
“It is my hope that the veto does not have a chilling effect on the potential local and foreign investors, whom we need now more than ever, as our economy struggles to recover from the pandemic,” she said. She then called on the Marcos administration’s economic team “to stake a clear policy on the creation of new ecozones,” and also suggested that the Legislative-Executive Development Advisory Council convene soon to tackle the matter.Among the President’s concerns was that the bill has no provisions for an audit by the Commission on Audit, the process for the expropriation of land awarded to agrarian reform beneficiaries, and a master plan that sets the boundaries of the proposed ecozone.
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