The timing is right for President Ferdinand “Bongbong” Marcos Jr. to woo investors to the Philippines during his ongoing participation in the World Economic Forum (WEF).
The timing is right for President Ferdinand “Bongbong” Marcos Jr. to woo investors to the Philippines during his ongoing participation in the World Economic Forum .
House Speaker Martin Romualdez had this to say Tuesday afternoon, Jan. 17, as he underscored the bright prospects for the Philippines and the rest of the Association of Southeast Asean Nations at this stage in the Covid-19 pandemic. “President Marcos’s participation in the Davos meet this year is timely as favorable economic forecasts for both the Philippines and the ASEAN would serve him in good stead in his effort to secure more investments to allow our country to shake off the effects of the pandemic and protect us from global headwinds,” Romualdez said in a statement released to House of Representatives reporters.
Romualdez cited the Jan. 14, 2023 article of Jo-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, namely Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam.
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