The president of the local business organizations here is optimistic that an Aquino administration will help the business community here rebound.?

Jerome R. Soldevilla, president of the Cagayan de Oro Chamber of Industries (Coci), said the local business community will greatly benefit from an Aquino presidency.?

“Coci is upbeat on the incoming administration as Aquino rides on the campaign promise of accountability, transparency and good governance. These are essential elements in bringing back business confidence in the country,” he said in an e-mail to the BusinessMirror in response to several questions texted (sent via SMS) to him.

Soldevilla, who is also the public- relations officer of the STEAG State Power Inc., said the business community expects a lot from Sen. Simeon Benigno “Noynoy” Aquino III, who campaigned on the platform of change and transparency.

“Like most Filipinos, the business community looks forward to a more honest and transparent government, a more level business playing field, and economic policies that are not subservient to political expediencies,” he said.

Soldevilla said Aquino, who has an Economics degree from the Ateneo de Manila University, will be more effective in restoring investor confidence in the country by becoming a hands-on chief executive officer (CEO) of the Philippines.

“While we don’t expect quick-fix solutions to the country’s deeply rooted problems, we want him to be a hands-on CEO to address concerns on balancing the budget, pursuing more tax reforms, providing more investment incentives, implementing programs that will really create quality domestic jobs, and pursuing affirmative actions tat will put in place an infrastructure support system that promotes a conducive climate for business, and put an end to the power crisis and ensure this will not happen again,” he said.

Soldevilla also said Aquino, who is leading the unofficial canvass for president, can fulfill his campaign promises by filling his Cabinet with people who are credible, upright, competent and have proven track record on good governance.

“A piece of advice to president-elect Aquino: Choose people [to work with him in government] not on the basis of paying political debts, but on the basis of credibility, moral character, competence and proven track record in managing the socioeconomic and political life of the country. Half of the job is accomplished by choosing the right person. This is very crucial in fulfilling his campaign promises,” he said.

?For the Coci, last week’s election “was a success.”

“It was a victory for the Filipino people. We hope it brought back the confidence to our electoral system,” he said, adding: “For the Cagayan de Oro Chamber of Industries, the manner on which the election was conducted was more important than the results. The business community in this part of Mindanao is satisfied by the way the Comelec [Commission on Elections] handled the exercise. We are also happy to note that with the automated process, the system’s vulnerability to cheating was substantially reduced.”

article by Bong D. Fabe / Correspondent – Business Mirror

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