President Ferdinand Marcos Jr said his country would resist global recessionary headwinds, but warned that increasing tensions in the South China Sea were harming trade. WEF23 Davos2023
Philippines President Ferdinand Marcos Jr said his country would resist global recessionary headwinds, but warned that increasing tensions in the South China Sea were harming trade.
But increasing tensions in the South China Sea were affecting trade on all of the exchanges in the region, he said.Earlier, Marcos said he expects the domestic economy to grow around 7% this year, saying strong fundamentals, prudent fiscal management and reforms in key sectors will cushion against risks from a potential global recession.
Marcos was in Davos, Switzerland this week for the World Economic Forum, accompanied by his economic team and several Philippine business executives. There he met with potential investors to seek support for his infrastructure development programme.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIVE UPDATES: Marcos attends World Economic Forum in DavosBookmark this page for live updates on President Ferdinand Marcos Jr.'s trip to Davos, Switzerland, for the World Economic Forum.
Read more »
Marcos in Davos: Same pitch, with a sovereign fund this timeA WEF survey finds that attendees are most worried about recession threats, rising cost of living, debt, and environmental risks.
Read more »
Marcos Jr. meets with ex-UK Prime Minister Tony Blair in DavosMANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. on Tuesday met with former UK prime minister Tony Blair during his trip in Davos, Switzerland. The Presidential
Read more »
Marcos attends opening of World Economic Forum in DavosPresident Ferdinand “Bongbong” Marcos Jr. on Tuesday joined other leaders in the formal opening of the World Economic Forum (WEF) 2023 at the Davos Congress Centre in Switzerland.
Read more »
Marcos is spot on in pitching for FDIs in DavosFirst wordDESPITE the ebbing tide of globalization, and the skepticism surrounding Davos 2023, President Ferdinand Marcos Jr. is exactly on target in pitching for more FDIs...
Read more »
Marcos says Maharlika fund will diversify Philippines' financial portfolioPresident Ferdinand "Bongbong" Marcos Jr. on Tuesday (Wednesday, PH time) underscored that the proposed Maharlika wealth fund was among his administration&39;s measures to diversify the country&39;s financial portfolio.
Read more »