CEPA confident with Marcos admin, vows to work for PH’s economy
THE Chinese Enterprises Philippines Association (CEPA) expressed its strong confidence and vowed to work with the incoming administration to contribute to the country’s economic development.
CEPA President Mr. Deng Jun said “We are fully confident in the future growth of the Philippines. The country has an impressive number of an excellent and dynamic workforce, a thriving Business Process Outsourcing (BPO) industry, and ambitious infrastructure construction plans spearheaded by its government.”
He added, “We believe the favorable policies and development plan for its people will progress through the new government because that is what the Filipino people are expecting and looking forward to. CEPA will continue to work hard, focus on development, play a leading and bridging role to make continuous efforts, implement social responsibility initiatives, and produce greater contributions to deepening economic and trade cooperation and promoting the people-to-people connections between the two countries.”
The bilateral relations between the Philippines and China are continuously stable through mutual efforts for the past six years.
A strong proof of this is the number of Chinese enterprises registered with the CEPA has increased significantly by 70%.
These companies belong to key economic sectors such as banking, communications, electricity, construction, logistics, manufacturing, medical care, home appliances, and trade.
In addition, they have worked with the Philippine government and people to provide tens of thousands of jobs in revitalizing the regional economy.
The CEPA members in the Philippines have united as “one” and made great contributions in supporting the fight against the pandemic, resuming work and production in an orderly manner, and actively fulfilling their social responsibilities.
At present, the two nations are at a critical stage of development, with both facing plenty of growth opportunities and strategic prospects.
The economic growth rate in the first quarter of 2022 increased to 8.3% compared to 2021, even under the time of the COVID-19 pandemic is a testament to the promising future of the Philippines.
According to analysts, it is an encouraging sign, especially for investors and companies thinking about expanding their businesses in the Philippines. By CRISTINA LEE-PISCO
