Following his announcement on Friday that Malacañang has cancelled three foreign-funded projects in the country, President Benigno Aquino III on Tuesday assured foreign investors that the Philippines will continue doing business with them as long as the projects are beneficial to Filipinos and the contracts are not anomalous.
The President was trying to assuage the fear of members of the European Chamber of Commerce of the Philippines (ECCP) that investing in the country and dealing with government remains unstable because successive administrations may rescind contracts with foreign investors. [ FULL STORY ]
