Duterte, Fil-Chinese: Business in PH doing well despite politics

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President Duterte keynotes a Filipino-Chines business convention at the SMX Convention Center.

Metro Manila (CNN Philippines, March 24) — Despite non-stop political tiffs and bickerings, it's business as usual — and even doing well — in the Philippines, according to a group of businessmen.

Leaders and members of the Filipino-Chinese Chamber of Commerce and Industry Inc. (FFCCCII) noted this on Friday as President Rodrigo Duterte keynoted the group's 31st biennial convention in Pasay City.

The businessmen said that the apparent conflict and impeachment talks involving the president and vice president of the country did not really take a toll on their businesses.

Related: 'Foreign investors care about money, not drug deaths'

In fact, they said, the economy was thriving and investments were pouring in —  not only from China, but also from Japan and United Kingdom, among others.

A group of more than 30 British companies is set to visit Manila and Davao City within the week for investment opportunities.

Watch: British investors visiting Manila, Davao

The Bank of China, fourth largest bank in the world, says profits in the Philippines are looking up as they intend to put up more branches in the country.

The bank says improved relations between Manila and Beijing under the Duterte administration have opened the floodgates for more business. Chinese companies are keen on investing in construction, agriculture and food processing industry.

The Bank of China itself is also keen on investing in the country — offering about ₱3 billion in loans.

Helping each other out

Duterte, in turn, told the Filipino-Chinese businessmen that they could count on his support —  as long as they paid the right taxes.

Apparently alluding to the billion-peso tax case of Mighty Corporation, Duterte reiterated he was even open to  compromises than take the matter of tax deficiencies to court. He said court cases take years and he'd prefer a shorter route so that the amount could be used to fund services, like building more hospitals in Mindanao.

Related: Duterte to Mighty Corp. owners: Pay ₱3-B and you're off the hook

Duterte also repeated his gratitude towards China for the improving Philippine economy — citing banana and pineapple exports to the Asian giant had increased by 50 percent.

The President also announced during the gathering that he would be going back to China for the "One Belt, One Road" economic forum — upon the invitation of Chinese President Xi Jin Ping.

Related: BIR files tax evasion case against Mighty Corp.

Help fight corruption

Duterte also didn't forget talking about his battle against corruption — telling the businessmen to report to him if they bump into instances of extortion.

"So this country needs to perk up. Corruption will stop. Kayong mga negosyante, you businessmen, one of those who can really stop corruption," he told the group.

He said legitimate businesses need not be afraid of the Bureau of Internal Revenue (BIR) and Bureau of Customs (BoC), adding that Filipinos needed to be assertive of their rights to stamp out corruption in government.

CNN Philippines' Triciah Terada and Claire Jiao contributed to this report.