Businesses in the Philippines generally continue to trust the Duterte administration while brushing aside the issues on the ouster of Chief Justice Ma. Lourdes Sereno.
In a published story on Business Mirror, Trade Undersecretary Nora K. Terrado said “the observable dissonance at the Supreme Court should not disrupt the country’s investment momentum.
“The investors we talked to have not raised any issue on the political side. They do not mind the political noise,” Terrado said in the article.
Business Mirro published: “Businessmen said investors would rather that the government keep its hands off the selection of a new Chief Justice to help restore the now-impaired independence of the Judiciary.”
“Political noise is not exclusive to our administration but is also true for other countries around the world. Despite this, we see generally a positive outlook in favor of the Philippines,” Terrado said.
Justices voted 8-6 on Friday, May 11, 2018, in favor of the quo warranto petition against Sereno filed by Solicitor General Jose Calida.
The decision of the justices to nullify Sereno’s appointment as Chief Justice was seen to bring about a Constitutional crisis, as the highest law of the land prescribes the head magistrate can only be removed through an impeachment trial.