Vote of confidence

Technology firm Samsung Electro-Mechanics Phils. Corp., a subsidiary of South Korean conglomerate Samsung Electro-Mechanics Co. Ltd., is investing an additional P50.7 billion in the Philippines through the expansion of its manufacturing operations in Laguna, resulting in the creation of 3,000 new jobs.

- MARY ANN LL. REYES

Meanwhile, Maynilad Water Services Inc. completed a public listing on the Philippine Stock Exchange, with President Marcos witnessing the milestone.

Together, they tell us something important. That confidence in the country has not disappeared.

Yes, the economy experienced a mild contraction, partly due to flood control anomalies, as projects were delayed, questioned, or paused due to procurement and governance issues.

Despite the dip, however, underlying drivers remain intact, reassuring the business sector that the country's long-term potential remains.