Transparency drive lauded by investors
By MAR T. SUPNAD
August 18, 2011
Manila Bulletin
MARIVELES, Bataan, Philippines — President Benigno S. Aquino III’s clampdown on graft and corruption earned a positive review from foreign investors, among them executives of a Hong Kong-based garments firm who noticed an “improvement” in government transactions in this industrial town.
Luen Thai President Raymond Tan said Thursday that the government’s campaign against corruption has improved a lot and this is the reason why his firm signed a Memorandum of Understanding with the Freeport Area of Bataan (FAB) for the setting up of a manufacturing plant here.
Tan did not pinpoint which particular agency of government he was referring to about corruption but newsmen gathered that there was a previous incident allegedly involving certain representatives of the Board of Investments (BoI) that hindered foreign investments.
Luen Thai’s project in this town will add to its other branches in Clark, Tarlac and Cebu, employing around 12,000 workers for its export-quality apparel brands like Polo Ralph Lauren, Carhartt, Dillard’s and Levi’s, among others.
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