While Duterte’s critics have been scheming to undermine the Duterte government , one of the country’s prominent business tycoons have nothing but praises for him.
Jaime Augusto Zobel de Ayala, a member of one of the prominent families in the country, speak highly of the Duterte government during the recent economic forum in Singapore that was also attended by the Philippines’ economic managers.
The Ayalas have been identified with the Cojuangco-Aquino clan especially with the widow of Ninoy Aquino, former President Corazon Aquino and lately, with former President Noynoy Aquino.
Read the excerpt of the Jaime’s statement in Singapore below.
“I have to say that I’m impressed by the boldness that our government is showing. We are a nation that has gotten used to incremental steps forward. But as you can see from the dialogue that we had today, there is a sense of boldness in the way people are looking to the future. That is something that you generally see more in the private sector than the public sector,” said Zobel de Ayala at a recent economic forum in Singapore that was also attended by the Philippines’ economic managers.
“Throughout our history as a country, there have been periods of time when we felt insecure, during periods of high debt and when our economy was weak. I’ve always argued that thinking ‘bold steps’, whether you are in the private sector or the public sector, are important psychological states of mind to be in when you want to succeed in a much bigger way.”
Zobel de Ayala and other Philippine tycoons have expressed their support to the Duterte administration’s “Build, Build, Build” program that involves spending between P8 trillion and P9 trillion over the next five years to close the country’s infrastructure gap.