MANILA, Philippines — House Speaker Ferdinand Martin Romualdez is part of the country’s delegation to the World Economic Forum (WEF) because there are questions from businesspeople that only
Marcos in an interview on Friday with Filipino reporters who accompanied him to the trip to Davos, Switzerland defended Romualdez from questions as to why the House Speaker is even needed to accompany him.
“Let’s say you talk to a potential investor, and they will say ‘your laws are not good, it hampers our business, and it’s not a good law, et cetera, et cetera’. So at least we have the legislators here who can say: ‘Well, we can do something about it or no, that is important to us that we maintain it, et cetera, et cetera’. Because legislation is an important part of what we are doing,” he added.
The House Speaker who represents the 1st District of Leyte said that the legislature must be synchronized with the executive to ensure development for the country. Romualdez also noted that since Marcos tried to pitch the proposed Maharlika Investment Fund — a sovereign wealth fund recently approved by the House of Representatives — they had to be there to explain how it would function.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marcos says Romualdez needed in trips: Biz people ask questions that Congress can answerHouse Speaker Ferdinand Martin Romualdez is part of the country’s delegation to the World Economic Forum because there are questions from businesspeople that only Congress can answer, President Ferdinand “Bongbong” Marcos Jr. said. | GabrielLaluINQ
Read more »
PH was 'star' of Davos forum, says RomualdezThe Philippines was the “star” of the just-concluded World Economic Forum (WEF) in Davos, Switzerland this year.
Read more »
PH promoted in Davos as prime investment hub, says RomualdezHouse Speaker Martin Romualdez said the delegation that President Ferdinand “Bongbong” Marcos Jr. led at the World Economic Forum (WEF) in Davos, Switzerland, has showcased the country as a premier investment hub.
Read more »
Romualdez explains his presence at WEFHouse Speaker Martin Romualdez has explained why his presence was needed in the just-concluded World Economic Forum (WEF) in Davos, Switzerland.
Read more »
'Pinoys can't wait': Romualdez underscores urgency of MIFHouse Speaker Martin Romualdez is insisting that the proposed Maharlika Investment Fund–controversial as it is–remains an urgent piece of legislation, saying it would help solve many of the country’s problems like high electricity rates and costly fuel.
Read more »
Marcos maintains modified import duty rates on deboned chicken, turkeyPresident Ferdinand "Bongbong" Marcos Jr. has kept the temporary modification of import duty rates on mechanically deboned meat of chicken and turkey.
Read more »