PBBM to WEF: A new era of investments has dawned in PH
PRESIDENT Ferdinand R. Marcos Jr. highlighted the economic development and the ease of doing business in the Philippines, as a key reform he instituted as he invited foreign investors to put up or expand their businesses in the country.
During the World Economic Forum (WEF) in the Malacañan Palace on Tuesday, the President said now is the right time for foreign investors to invest in the Philippines with the country’s highest gross domestic product (GDP) growth rate, and the legislative measures put in place to streamline business transactions in the country.
“Our economic liberalization measures signal the dawn of a new era of investments here in the Philippines,” he pointed out.
He said all the measures he has put in place in the pipeline are “a mere glimpse into the world of opportunities lying in wait here in one of the fastest-growing economies in this part of the world.”
“Clearly, the Philippines is in a prime position to enter into a sustained period of robust economic expansion over the next couple of years,” President Marcos said.
“I extend an invitation to our guests and partners here today to join us in this exciting new phase. The members of economic team are here today ready to discuss those opportunities that I speak of in greater depth,” he added.
The WEF Country Roundtable on the Philippines is a joint effort of the country and the international body to facilitate frank exchanges with international business leaders and build partnerships to support the country’s vision of becoming a dynamic and resilient economy, driven by innovation, entrepreneurship and strategic collaborations on the global stage.
The event is the first high-level to be convened in the Asia-Pacific region since the end of pandemic. It was attended by members of the President’s economic team and WEF President Børge Brende and several international business leaders. PCO
