Chinese business group urges Congress to focus on economy

Local Chinese businessmen are urging the country’s legislators to temporarily suspend its series of investigations until the country hurdles the more pressing oil crisis.

Federation of Filipino Chinese Chamber of Commerce and Industry (FFCCCI) president Francis Chua called on the country’s legislators to temporarily suspend all its investigation and concentrate on improving the economy and hurdling the current oil crisis.

According to Chua, the biggest loser in not attending to the economy is the poor.

He warned that with the current oil crisis, a lot of businesses are suffering.

"Gasoline prices are very expensive," Chua complained and businesses are suffering.

If businesses close and factories close, those who would be hardest hit would be the poor workers, Chua said.

The recent spate of investigations, Chua lamented, is not helping solve the oil crisis and the economic problems.

"For the sake of economic survival,"Chua appealed, "suspend the investigations till we weather out the oil crisis."

In fact, Chua noted, the investigations only tend to scare away investors whom the Philippines badly needs.

Once the holiday season is over and some improvement in the economy is observed, Chua said, then Congress can resume its investigations.