No indication of Italy backing out of investment talks with PH—envoy

Italian investors’ interest in bringing business to the country has not changed despite the multi-billion peso flood control mess currently being investigated by the Independent Commission for Infrastructure and the Senate— described as one of the biggest corruption scandals in the Philippines.

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Italian Ambassador to the Philippines Davide Giglio gave assurance that Italian investors are confident that the Philippines can be back on track despite the involvement of some of its highest-ranking officials in the corruption scandal.

"I don't see many indications from the Italian business right now that point to some change of mind vis-à-vis the Philippines, but we are confident that the Philippines can handle the necessary process to enforce the law which already exists and to provide an environment that is even more conducive to a larger investment of international presence here," he said in a recent interview with the Manila Bulletin.