DTI chief: Explosion has 'limited impact'

By Willard Cheng, ABS-CBN News

Posted at Jan 27 2011 05:17 PM | Updated as of Jan 28 2011 01:17 AM

MANILA, Philippines - The recent deadly bus explosion in Makati City, where the country's premier business district is located, has "limited impact" on the perception of peace and order situation in the country, Department of Trade and Industry (DTI) Secretary Gregory Domingo said Thursday.

“There’s some concern” among businesses following the bus explosion, Domingo said, but it has “limited impact” on the perception of the peace and order situation in the country given its scale.

On Tuesday afternoon, a bus exploded along EDSA near the north gate of the posh Forbes Park subdivision in Makati, killing 5 people and injuring 13 others.

“Right now, I think limited yung impact dahil maliit lang siya e, maliit na incident lang,” he told reporters in Malacañang.
“Fortunately medyo mukhang maliit lang na incident at compared let's say sa ibang bansa, maraming nasasawi. Unfortunate yun, masama pa rin na nangyari yun. Gusto natin maiwasan na meron pang susunod na mangyayari na ganoon,” he added.
Domingo cited peace and order as among the top three concerns of investors when doing business in the country, including infrastructure and the cost and ease of doing business. 

The DTI chief is confident that concerns on peace and order would ease “after a few weeks or few months,” hoping that the explosion was an isolated incident.  

Domingo also expressed reservations over the reported ranking of the Philippines in a terrorism risk index where the country placed eighth.

“Kailangan tingan natin mabuti. Ayoko naman i-discredit yun survey na yun.  Dapat tingnan natin mabuti kung paano nila saan nila binase yun ranking na yun. Dahil kung iisipin ko lang ho, madalas rin naman ho tayo bumiyahe, nagbabasa tayo. Kung iisipin natin yun bansa na mas malala sa atin mas marami naman ata sa walo yun,” Domingo said.