AmCham concerned over drug killings, harsh statements

MANILA, Philippines - The American Chamber of Commerce of the Philippines voiced yesterday growing concern over developments that could harm the long-standing optimism of American business to invest in the Philippines.

“While the country’s economic fundamentals are strong and its potential is high, our members have raised concerns that some basic American values – which Filipinos have long shared – may be weakening in the current environment,” AmCham said in a statement.

“Certainly, the illegal drug menace is a serious threat in the Philippines, as it is in the US and elsewhere. However, the increased number of killings during the heightened anti-drug campaign is harming the country’s image, as portrayed by international media, and some investors are now asking whether this campaign reduces the rule of law,” it added.

AmCham said traditionally excellent bilateral relations between the United States and the Philippines have recently been strained by language from Philippine leaders.

“Although statements of regret soon followed, such words and their international policy also create investor concern. AmCham has always been optimistic about the Philippines and committed to strengthen bilateral trade, investment and cultural ties,” it said.

The chamber stressed that it remains hopeful that these ties will become even stronger in the months and years ahead and is committed to working with the Philippine government and people to continually improve them.