The bright economic prospects for the Philippines and the ASEAN amid fears of a global slowdown leverage President Ferdinand R. Marcos, Jr.’s efforts to lure more investments in the country during his participation at the WEF. Know more:
THE bright economic prospects for the Philippines and the Association of Southeast Asian Nations amid fears of a global slowdown leverage President Ferdinand R. Marcos, Jr.’s efforts to lure more investments into the country during his participation at the World Economic Forum in Davos, Switzerland, the leader of the House of Representatives said on Tuesday.
Moreover, Romualdez cited the January 14, 2023 article of Joo-Ok Lee, head of the Regional Agenda for the Asia Pacific region at the WEF, who noted that ASEAN is one of the few bright spots as the global economy continues to stall.He added that while the global chill will have some effect, overall growth forecasts for 2023 are pegged at 4.4 percent for the Asean-6 .
Romualdez, who is part of the President’s official delegation to WEF, said “taken together, these factors make a compelling case to showcase the Philippines as an investment hub during President Marcos’s interaction with global industry and government leaders at the World Economic Forum.” The MIF, according to the Speaker, will adhere to the best practices and the principles of transparency and accountability.
The second day of the WEF is scheduled to kick off Tuesday at 10:30 a.m. in Switzerland with the speech of Switzerland’s President Alain Berset.
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