President Ferdinand R. Marcos, Jr.
Frasco joins PBBM in promoting investment opportunities in PH
TOURISM Secretary Christina Garcia Frasco joined the economic team of President Ferdinand R. Marcos, Jr. in promoting and presenting the various investment opportunities in the Philippines to the international business community in the United States.
This, at the 2023 Philippine Economic Briefing (PEB) on Wednesday (local time, Nov. 15) at the Ritz-Carlton Hotel in San Francisco, California.
Titled “Think Growth, Think Philippines.”, the PEB in San Francisco is one of the activities of the Philippine delegation on the sidelines of President Marcos Jr.’s working visit to the United States of America (USA) for the 30th Asia-Pacific Economic Cooperation (APEC) Summit.
In her remarks, Frasco shared the initiatives of the Marcos Administration to create a climate that is conducive to tourism investments.
“𝘐 𝘢𝘮 𝘥𝘦𝘭𝘪𝘨𝘩𝘵𝘦𝘥 𝘵𝘰 𝘫𝘰𝘪𝘯 𝘢𝘭𝘭 𝘰𝘧 𝘺𝘰𝘶 𝘵𝘩𝘪𝘴 𝘮𝘰𝘳𝘯𝘪𝘯𝘨 𝘪𝘯 𝘵𝘩𝘪𝘴 𝘨𝘢𝘵𝘩𝘦𝘳𝘪𝘯𝘨 𝘰𝘧 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘭𝘦𝘢𝘥𝘦𝘳𝘴 𝘢𝘯𝘥 𝘵𝘪𝘵𝘢𝘯𝘴 𝘰𝘧 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘩𝘦𝘳𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘜𝘯𝘪𝘵𝘦𝘥 𝘚𝘵𝘢𝘵𝘦𝘴, 𝘵𝘩𝘦 𝘗𝘩𝘪𝘭𝘪𝘱𝘱𝘪𝘯𝘦𝘴’ 𝘴𝘦𝘤𝘰𝘯𝘥 𝘵𝘰𝘱 𝘴𝘰𝘶𝘳𝘤𝘦 𝘮𝘢𝘳𝘬𝘦𝘵 𝘧𝘰𝘳 𝘵𝘰𝘶𝘳𝘪𝘴𝘮. 𝘚𝘰 𝘢𝘭𝘭𝘰𝘸 𝘮𝘦 𝘵𝘰 𝘣𝘦𝘨𝘪𝘯 𝘣𝘺 𝘴𝘢𝘺𝘪𝘯𝘨 𝘵𝘩𝘢𝘯𝘬 𝘺𝘰𝘶 𝘧𝘰𝘳 𝘺𝘰𝘶𝘳 𝘳𝘦𝘴𝘰𝘶𝘯𝘥𝘪𝘯𝘨 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘧𝘰𝘳 𝘗𝘩𝘪𝘭𝘪𝘱𝘱𝘪𝘯𝘦 𝘛𝘰𝘶𝘳𝘪𝘴𝘮,” the Secretary addressed the audience comprised of businessmen and government leaders, among others.
“𝘈𝘴 𝘸𝘦 𝘶𝘴𝘩𝘦𝘳 𝘪𝘯 𝘵𝘩𝘪𝘴 𝘨𝘰𝘭𝘥𝘦𝘯 𝘦𝘳𝘢 𝘰𝘧 𝘵𝘰𝘶𝘳𝘪𝘴𝘮, 𝘵𝘩𝘦 𝘸𝘰𝘳𝘬 𝘰𝘧 𝘰𝘶𝘳 𝘗𝘳𝘦𝘴𝘪𝘥𝘦𝘯𝘵 𝘍𝘦𝘳𝘥𝘪𝘯𝘢𝘯𝘥 “𝘉𝘰𝘯𝘨𝘣𝘰𝘯𝘨” 𝘔𝘢𝘳𝘤𝘰𝘴, 𝘑𝘳. 𝘩𝘢𝘴 𝘣𝘦𝘦𝘯 𝘵𝘰 𝘳𝘢𝘭𝘭𝘺 𝘵𝘩𝘦 𝘦𝘯𝘵𝘪𝘳𝘦 𝘯𝘢𝘵𝘪𝘰𝘯, 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘩𝘦 𝘱𝘶𝘣𝘭𝘪𝘤 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘱𝘳𝘪𝘷𝘢𝘵𝘦 𝘴𝘦𝘤𝘵𝘰𝘳, 𝘧𝘳𝘰𝘮 𝘵𝘩𝘦 𝘯𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘵𝘰 𝘵𝘩𝘦 𝘭𝘰𝘤𝘢𝘭 𝘨𝘰𝘷𝘦𝘳𝘯𝘮𝘦𝘯𝘵, 𝘢𝘤𝘳𝘰𝘴𝘴 𝘵𝘩𝘦 𝘦𝘯𝘵𝘪𝘳𝘦 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘷𝘢𝘭𝘶𝘦 𝘤𝘩𝘢𝘪𝘯, 𝘵𝘰 𝘢𝘳𝘵𝘪𝘤𝘶𝘭𝘢𝘵𝘦 𝘵𝘩𝘢𝘵 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘪𝘴 𝘢 𝘱𝘳𝘪𝘰𝘳𝘪𝘵𝘺. 𝘛𝘩𝘪𝘴 𝘱𝘳𝘪𝘰𝘳𝘪𝘵𝘪𝘻𝘢𝘵𝘪𝘰𝘯, 𝘢𝘯𝘥 𝘪𝘧 𝘐 𝘮𝘢𝘺 𝘲𝘶𝘰𝘵𝘦 𝘰𝘶𝘳 𝘗𝘳𝘦𝘴𝘪𝘥𝘦𝘯𝘵, 𝘨𝘰𝘦𝘴 𝘣𝘦𝘺𝘰𝘯𝘥 𝘵𝘩𝘦 𝘮𝘦𝘳𝘦 𝘱𝘳𝘰𝘷𝘪𝘴𝘪𝘰𝘯 𝘰𝘧 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘢𝘯𝘥 𝘫𝘰𝘣𝘴. 𝘙𝘢𝘵𝘩𝘦𝘳, 𝘪𝘵 𝘴𝘵𝘦𝘮𝘴 𝘧𝘳𝘰𝘮 𝘵𝘩𝘦 𝘥𝘦𝘦𝘱 𝘭𝘰𝘷𝘦 𝘵𝘩𝘢𝘵 𝘢𝘭𝘭 𝘰𝘧 𝘶𝘴 𝘍𝘪𝘭𝘪𝘱𝘪𝘯𝘰𝘴 𝘩𝘢𝘷𝘦 𝘧𝘰𝘳 𝘰𝘶𝘳 𝘤𝘰𝘶𝘯𝘵𝘳𝘺,” the tourism chief added.
Tackling how the government is transforming the Philippine landscape through the Build Better More Program, Frasco highlighted the initiatives of the DOT towards tourism infrastructure development, with more than 158 kilometers of roads leading to tourism destinations built or rehabilitated this year with “more to come in 2023 and in the succeeding years”.
The tourism chief also cited the hard infrastructure projects of the Department, particularly the Tourist Rest Areas built in strategic areas across the country, as well as the “Filipinization” of the country’s airports and seaports in partnership with the Department of Transportation (DOTr), starting with the enhancement of the terminal 2 of the Ninoy Aquino International Airport.
“𝘐𝘯 𝘢𝘥𝘥𝘪𝘵𝘪𝘰𝘯 𝘵𝘰 𝘵𝘩𝘪𝘴, 𝘸𝘦 𝘢𝘳𝘦 𝘢𝘭𝘴𝘰 𝘸𝘰𝘳𝘬𝘪𝘯𝘨 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘋𝘖𝘛𝘳 𝘵𝘰 𝘦𝘯𝘩𝘢𝘯𝘤𝘦 𝘰𝘵𝘩𝘦𝘳 𝘨𝘢𝘵𝘦𝘸𝘢𝘺𝘴, 𝘯𝘰𝘵 𝘰𝘯𝘭𝘺 𝘪𝘯 𝘵𝘦𝘳𝘮𝘴 𝘰𝘧 𝘩𝘢𝘳𝘥 𝘪𝘯𝘧𝘳𝘢𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘦, 𝘣𝘶𝘵 𝘮𝘰𝘳𝘦 𝘪𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘵𝘭𝘺 𝘴𝘰𝘧𝘵 𝘪𝘯𝘧𝘳𝘢𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘦–𝘩𝘶𝘮𝘢𝘯 𝘤𝘢𝘱𝘪𝘵𝘢𝘭 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵. 𝘈𝘴 𝘢 𝘳𝘦𝘴𝘶𝘭𝘵, 𝘸𝘦 𝘩𝘢𝘷𝘦 𝘵𝘳𝘢𝘪𝘯𝘦𝘥 𝘧𝘳𝘰𝘯𝘵𝘭𝘪𝘯𝘦 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘸𝘰𝘳𝘬𝘦𝘳𝘴 𝘪𝘯 𝘰𝘶𝘳 𝘢𝘪𝘳𝘱𝘰𝘳𝘵𝘴 𝘢𝘯𝘥 𝘴𝘦𝘢𝘱𝘰𝘳𝘵𝘴 𝘪𝘯 𝘵𝘩𝘦 𝘍𝘪𝘭𝘪𝘱𝘪𝘯𝘰 𝘣𝘳𝘢𝘯𝘥 𝘰𝘧 𝘴𝘦𝘳𝘷𝘪𝘤𝘦 𝘦𝘹𝘤𝘦𝘭𝘭𝘦𝘯𝘤𝘦, 𝘵𝘩𝘪𝘴 𝘱𝘳𝘰𝘨𝘳𝘢𝘮 𝘰𝘧 𝘸𝘩𝘪𝘤𝘩 𝘢𝘴 𝘢 𝘸𝘩𝘰𝘭𝘦 𝘩𝘢𝘴 𝘵𝘳𝘢𝘪𝘯𝘦𝘥 𝘰𝘷𝘦𝘳 111,000 𝘍𝘪𝘭𝘪𝘱𝘪𝘯𝘰 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘸𝘰𝘳𝘬𝘦𝘳𝘴 𝘢𝘤𝘳𝘰𝘴𝘴 𝘵𝘩𝘦 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘷𝘢𝘭𝘶𝘦 𝘤𝘩𝘢𝘪𝘯,” noted Frasco.
The PEB in San Francisco is the 12th international PEB of the Marcos Administration and fourth in the USA.
Since the beginning of his administration in 2022, the Philippine economic team led by the President has held PEBs to showcase the country’s lucrative investment and business opportunities to the international business community.
