SUMMARY
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Amid the ongoing bribery scandal involving Pagcor chief Cristino Naguiat and Japanese investor Kazuo Okada, whose Manila Bay Resorts development is a $2 billion dollar project, Malacañang believes it has created a favorable investment atmosphere in the country and that foreign investors will come.
President Benigno Aquino III has said he has a 3-page list of investors who are already scouting for properties to invest in, adding that “the quantity of land they need is substantial.”
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