The World Economic Forum sees the Philippines as an economic outperformer in Southeast Asia, a rarity at this time when most parts of the world are heading into recession. | philbizwatcher /PDI
“The reason that I’m so confident about that is because we have a very, very good workforce in the Philippines. We have the youngest workforce in Asia. You might be surprised to know, to learn that the average age of Filipino worker is 23 and a half years old. So that is a huge [source of] demographic dividend,” Marcos said.
The President also took pride in the country’s pool of “well-trained, sophisticated” and tech-savvy English-speaking workforce. “And I think that’s where the growth is coming from,” Marcos said, adding he was also closely watching jobs data.
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.
Romualdez: PH can lure investments at WEF despite possible global slowdownPresident Ferdinand Marcos Jr. can attract investments at the World Economic Forum by dangling the strong economic standing of the Philippines and Southeast Asia even with fears of a possible global economic slowdown. | GabrielLaluINQ
Read more »
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 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 at World Economic Forum: PH seen to grow by 7% in 2023In his opening remarks during the Country Strategy Dialogue at the WEF, Marcos cited an International Monetary Fund (IMF) projection for the 2023 global economic growth, which will only be at 2.7 percent, slower than the 3.2 percent posted last year—a significant decrease from six percent in 2021. “But for the Philippines, we project our economy to grow by around 7.0 percent in 2023," Marcos said.
Read more »
Palace: Blair says Marcos' attendance in World Economic Forum sends a good signalFormer United Kingdom Prime Minister Tony Blair has said it is the best time for President Ferdinand "Bongbong" Marcos Jr. to be at the World Economic Forum in order to showcase to the world the current Philippine situation while "building its stature," Malacañang said on Wednesday.
Read more »
Mark Villar says Maharlika fund generated interest at 2023 World Economic ForumMANILA, Philippines — The proposed Maharlika Wealth fund of the administration of President Ferdinand "Bongbong" Marcos Jr., generated interest at the 2023 World Economic Forum
Read more »