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PIA Press Release
2007/09/04

Gov't to invest in peace, economy to attract investors

Manila (4 September) -- President Gloria Macapagal-Arroyo announced in a statement that her administration is investing in peace and the economy to attract more investors.

She made the announcement in a National Security Council (NSC) cluster and Cabinet convention that discussed the draft amnesty proclamation for communist rebels and other security concerns.

As pointed out, part of the government's peace efforts are livelihood and amnesty programs for rebel returnees. Thus, the present administration will be infusing an initial funding of P500 million to hasten and ensure peace and security in the regions, with local officials and church groups at the helm and with the help of the national government.

In past decades, there were similar initiatives in the country but failed due to too much politicking, averting investments and halting the country's progress.

In the same meeting, a draft amnesty proclamation was also discussed. According to Secretary Jesus Dureza, Presidential Adviser on Peace Process, the revived amnesty program was seen as a key to finally put an end to the decades-old communist insurgency problem in the countryside. (PIA-MMIO) [top]

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