As far as the Makati Business Club is concerned, the poll protest of former Sen. Ferdinand “Bongbong” Marcos against Vice President Leni Robredo has been a source of political uncertainty which may hurt businesses.
Marcos is seeking to nullify the elections in three Mindanao provinces owing to harassment, terrorism and allegations that the ballots had been tampered with.
The Supreme Court on Tuesday voted to allow the release of the recount in pilot provinces of Iloilo, Negros Occidental and Camarines Sur.
“Makati Business Club Inc. welcomes the Supreme Court of the Philippines’ decision to release the report on the test recount in the 2016 vice presidential election protest.
We hope this is a step toward dismissing the protest, and reducing the political and judicial uncertainty that came with it – uncertainty that manifests in risk premiums for those who would invest in Philippine jobs and industries,” the influential business group said.
“We further believe that putting the protest to rest would free both the Court and the Office of the Vice President to focus on pressing issues with great impact on the well-being of the Filipino people,” the MBC said.