CNN Philippines : Marcos assures investors of safeguards against rumored destabilization

26 April 2022

By CNN Philippines

Metro Manila (CNN Philippines, April 26) — Presidential candidate Ferdinand "Bongbong" Marcos Jr. has assured foreign investors that safeguards will be in place amid the rumored destabilization plot against the government if he becomes chief executive.

"I suppose they feel na maybe magkagulo, it won't be stabilized. They may have a point. Kung sakali man maipanalo ko itong eleksyon, babantayan namin ‘yung mga ganun. Hindi naman tayo natutulog, pinababayaan natin yung mga kung sino sino dyan mag-destabilize," he said in an interview for CNN Philippines' In Private which aired on Tuesday.

[Translation: I suppose they feel that maybe there would be chaos, it won't be stabilized. They may have a point. If I win the election, we will closely monitor those movements. We will not let up and let them destabilize the government.]

Presidential bets Senator Panfilo Lacson and former Defense Secretary Norberto Gonzales warned of a destabilization plot against a Marcos presidency. Lacson, a former top cop, cited his and Gonzales' analysis after working on national security issues.

Marcos also responded to Bloomberg's report that several Philippine investors are not optimistic that a presidency led by the son and namesake of the ousted dictator will help the country's economy rebound as nations recover from the COVID-19 pandemic.

"They’re not convinced? We will convince them. What else will you do? They have their idea. The only way I can prove them wrong is by proving them wrong," he said.

"I think those are more political statements than actual economic analysis if you ask me," he added.

Marcos explained that the next administration should focus on economic recovery, putting pressure on the economic team. He said many personalities are "auditioning" to be part of the crucial team, but he has not yet made a decision as to who he will appoint if he becomes president.

"I take note of everybody, may mga (there are) recommendations. You just have to trust your instincts. It's necessary to have some working experience with that person," he said.