BCDA chief refutes article on economy


Posted at Jul 02 2018 12:08 PM

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MANILA - A recently published article criticizing the economy under President Rodrigo Duterte contained "facts that are not the right facts to use," said Bases Conversion and Development Authority President Vince Dizon.

Political analyst Richard Heydarian, who wrote "More Duterte fallout on the Philippine economy" as posted online by Japan's Nikkei Asian Review, had "a bias against the administration," said Dizon.

"If you want to bring down the government, all you do is negative things. That clearly was the motivation and objective of this article. This is really sad," he told ANC's Headstart.

"The Duterte administration does not deny that there are challenges: the economy, despite the fast growth, is facing a lot of external headwind. But when we face challenges, we don’t go look for negative news about the country and harp on that. It’s the classic ‘talangka’ mentality of some Filipinos," he said.

Bangko Sentral ng Pilipinas and the Department of Finance both indicate that $8 billion and $10 billion worth of foreign direct investments came to the Philippines in 2016 and 2017 respectively, said Dizon.

Heydarian said he found it "bizarre" that this one article "has been portrayed as a reflection of my supposed motivations" when most of his articles focused on "commendable developments."

The overall economy, "without question," remains robust wand that infrastructure development is on track, he told ABS-CBN News.

"All my articles are backed by verified data and rigorously fact checked by world class editors," he said.

"So I hope we move forward with substantive debates on how to best achieve our economic objectives," he said.