Filipino billionaire and ports tycoon Enrique Razon refuted claims by fabricators and critics against President Ferdinand R. Marcos Jr. that investors are losing faith in the Philippines.

“Hindi totoo yun. Kung meron mang gumagawa ng ganun, bahala na sila sa buhay nila. Kami nag-iinvest,” Razon said in a recent interview on the country’s investment climate.

Razon also commended the Marcos administration for its business-friendly environment, particularly in the energy sector, contrary to the investment climate in the previous administration.

“Ngayon, naglalagay sila ng mga policy. Dati wala, kung anu-ano na lang. Ngayon nagtatayo sila ng framework para sa tamang policy para maayos lahat ng problema,” Razon said.

“Ang investment sa energy, matagal. Malaking pera ‘yan, kaya hindi basta basta bukas, o next year, o kaya dalawang taon. Mga five to seven years, kaya paspasan nila ‘yung energy policies sa pagbukas ng market,” he stressed.

Razon also highlighted how crucial the President’s investment policies are, now that the Philippines has been affected by global crises, particularly due to the war in Ukraine.

“Noong ininvade ng Russia ang Ukraine, tumaas ng 500% ang LNG (liquefied natural gas). Exposed tayo dyan. Kailangan mag-invest sa sarili nating oil and gas,” the Filipino tycoon said.

President Marcos, Razon stressed, has been pivotal to their decision to invest more in the nation’s energy sector, saying that the Chief Executive has been taking care of the country’s investment environment.

“Critical nga ang government policy. Kaya kami nag-decide mag-invest nang malaki, kasi nakikita namin na ang policy na inilalagay ni BBM (for the last two years) ay makakabuti sa investment environment,” Razon said.

“Ang gusto niyang gawin ay tama, kaya itinutulak niya ito nang husto. Recently, ‘yung auction ng pump storage, ‘yung pag-extend ng Malampaya contract last year, kaya nagkakaroon na nang tamang policy na dati wala,” he stressed. ###