Wednesday, July 29, 2015

Too high profile BIG ONE drills could scare away investors

I don't have anything against disaster preparedness and drills. In fact, that's part of my training and mindset since my Academy days. But does it have to be such high profile, announcing to the world in screaming headlines that the BIG ONE could hit us anytime?
I wonder if NEDA, DTI, BOI, PEZA, LGUs etc have an estimate of how much foreign and domestic investments have been deferred or cancelled and transferred to other places like Vietnam, Thailand and Indonesia for fear of the BIG ONE? What has been and will continue to be the economic cost?

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