QUEZON City, Philippines (Eagle News) — National Economic Development Authority (NEDA) Chief Secretary Ernesto Pernia allayed fears of a negative impact of a martial law extension to the country’s economy.
Pernia said that he recently attended a meeting with businessmen from Cagayan De Oro City where the businessmen expressed that they feel safer because of martial law.
“I was in Cagayan de Oro just the other day and there were businessmen there in the forum … and many of them said there [was] no problem,” Pernia said.
“Businesses are not being disrupted. In fact, they feel safer and more confident about the investment or business environment in Mindanao in general,” he said.
“As you know, the conflict is only limited to a small area in Mindanao–small fraction of the whole island,” he added.
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