Press Release
February 14, 2006
Arroyo govt needs public transparency to attract foreign investors,
says Drilon
Senate President and Liberal Party head Franklin Drilon today
underscored anew the need for more transparency in government,
saying this was the only way the Arroyo administration can assure
prospective foreign investors that anti-corruption measures were in
place in the Philippines.
In a meeting with David Katz, Director for Southeast Asia and
Pacific Affairs in the Office of US President George W. Bush,
Tuesday morning Drilon explained that the Philippine Senate was
doing its best to promote transparency under a democratic system of
government as its contribution to a better investment climate in the
country.
During the meeting, Katz informed Drilon that the Philippine
government was now eligible to receive grants amounting to $20
million under the Threshold Program of the Millennium Challenge
Account (MCA), a new US government assistance program designed to
promote fiscal reform and anti-corruption initiatives in developing
countries.
Public policies promoting transparency as well as anti-corruption
initiatives help make a country, such as the Philippines, attractive
to foreign investments, explained Katz, who is responsible for
promoting US trade policies in Asia Pacific countries.
Katz also thanked Drilon "for your personal efforts" in the
enactment of the Optical Media Act and the promulgation of its
Implementing Rules and Regulations.
The passage of the Optical Media Act and its implementation would
generate investor confidence in the Philippines, because of its
government adherence to Intellectual Property Rights (IPR), Katz
said.
Drilon noted that the issue of IPR protection has been the main
focus of RP-US trade negotiations as the Philippines has remained in
the international IPR priority watch list.
During the dialogue, Drilon noted that senators were compelled to
seek the intervention of the Supreme Court against Malacañang
s
implementation of Executive Order 464 precisely because of the
desire for transparency in government.
Invoking public transparency and the mandate of the Senate to
exercise its oversight functions in aid of legislation, Drilon
explained that the Senate conducted inquiries on alleged anomalies
such as the P728-million fertilizer fund scam, the
highly-questionable use of the P35 billion recovered Marcos wealth,
the overpriced $500-million Northrail project and anomalous contract
entered into by the Commission on Elections to purchase poll
counting machines.
These congressional inquiries apparently irked Malacañang
that it
issued EO 464 to bar executive department officials from having to
answer the allegations of graft and corruption in the Arroyo
administration, he added.
Drilon told Katz that he agreed with the observation that most small
and medium-size businessmen, who provide more direct investments to
the Philippines, were concerned over issues of public transparency
since they find it difficult to conduct business if there are no
clear and consistent business policies.
Drilon had asked Malacañang
to withdraw EO 464 in order to avoid a
direct confrontation with Congress over the latters powers to
scrutinize the national budget and its oversight functions to
investigate abuses and excesses of the executive department.
Last Friday, 17 senators led by Drilon petitioned the Supreme Court
to stop President Arroyo from enforcing EO 464 barring government
officials from appearing at Senate or House hearings without her
clearance.
Drilon also dismissed as "an outright lie" the claim of Malacañang
that the Senate was using the Senate budget hearings for political
grandstanding to destabilize the government.
He said the controversial questions being asked during the hearings
were triggered by Commission on Audit (COA) reports indicating
questionable, illegal and irregular utilization of public funds by
the Arroyo officials during the past years. |