Teresita Sy-Coson, daughter of the richest man in the Philippines and business tycoon, Henry Sy, lauded President Rodrigo Duterte for his efforts in handling the economy of the country and dealing business with China very well.
In an interview with MSN, Coson said that the dealings of the Duterte administration with China is something positive for the business economy of the country and the government war on drugs help the country prosper.
She also believed that the President Duterte is intelligent enough to balance the relationship between the Philippines and China from the economic point of view, not from the political point of view.
MSN reporter: Philippines in danger though after pivoting too closely to China or the model should be, a bit more diversified?”
Sy-Coson: “I think our president is intelligent enough to balance the relationship and I think we are looking at China more from the economic point of view, not from the political point of view so, I guess he knows how to maintain the relationship.”
MSN reporter: “And your President is going to be here, what do you think is his message to the ASEAN is going to be and the Philippines has the chairmanship?”
Sy-Coson: “Well, his message all this time about stopping the drugs and maintaining peace and order so that the business community can thrive and also the economy can prosper. I think that’s what, perhaps, his main message. He has been leaving the business community to its own, to run its own show and without a lot of government intervention. I think that is why our economy is doing okay.”
MSN reporter: “Some of his critics have said that his policy pronouncements have been somewhat erratic, I am just curious Teresita, on the ground, how would you describe business confidence, business investor sentiment amongst foreign and domestic investors in the Philippines right now?”
Sy-Coson: “Our economy has been growing at 7% and perhaps it will maintain 6-7% and, in spite of all the skepticism, the business community has been growing and I guess we’re happy about it.”
Pro-Duterte blogger Krizette Laureta Chu shared the video on her Facebook account and said that the Chinese woman is a living proof that "the Chinese appreciate Duterte more because of pragmatism is one of his strongest suits, and we know how the Chinese are."
BUT NO WAIT LET’S LISTEN TO WHAT DOOMSAYERS FROM LP and THE NAGMAMARUNONG ARE SAYING. I’m sure the “economists” who don’t handle billion dollar businesses know better. Or you know, those people who have 2 units of Economics. LOL, she added.
Insih Benhalid commented: Doomsayers are losing their millions everyday with Tatay on d forefront, that's why they're sour n bitter coz they are doomed! So they are desperate to throw any dirt to destabilise this government! From EJK, to police operations n d scalawags, to terrorism, to tourism, to manipulating congress to oust our deserving secretaries, and so on n so forth, relentless in their desperate efforts to unseat our beloved President! So far their attempts failed.
Paul David wrote: Indeed. That's the most elite woman (and for me the strongest, businesswise) speaking. Her SM empire has helped shaped the PH industry and contributed to jobs. Now, let's see what others have to say about the billions of investments coming in the country, and how the meticulous balance of foreign relations must be executed otherwise.