Duterte tells investors: Report corrupt execs

DAVAO CITY, Philippines — President Duterte has warned corrupt government officials of severe punishment if they take advantage of businessmen and potential investors.

Duterte likewise urged investors to report to him any case of corruption or abuse by errant government officials.

“The government will pursue policies and programs to eradicate graft and corruption, promote tax reform and uphold peace and order so that we may attract more local and foreign investments,” the President told guests at the opening of Hotel Acacia here Friday night.

He stressed that the opening of Acacia Hotel Davao would be a big boost to tourism in the region.

The President also assured investors that his administration would enforce measures aimed at making the regulatory environment favorable to business.

“It is my hope that this boosts the continued growth of tourism in Davao,” Duterte said.

The President also praised Corporate Holdings Management Inc. for building a luxury hotel that embodies Filipino values and Davaoeño hospitality.

“I take this moment to acknowledge your efforts to showcase the hospitality and warmth of Davaoeños and highlight the scenic and vibrant landscapes of our locality to the rest of the world by providing a hub for exemplary guest accommodations and lodging,” the President said.

In assuring investors of protection from corruption, he said the Ease of Doing Business and Efficient Government Service Delivery Act of 2018 are in place to ensure an environment conducive to business.

“This administration remains committed to enforcing measures that will provide a more conducive regulatory environment to encourage business development,” he said.

For investors looking at Davao City as an investment destination, Duterte assured them that his home city is a “quiet and safe” place conducive to urban growth.

The President also called on the management of Acacia Hotel Davao to strictly follow the law and be an agent of real and meaningful change in society.

“Keep your vicinity free from illegal activities, such as unauthorized offshore gaming operations and illegal drugs,” he said.