NextGen Day

The substantial advancements made by his administration will be “expanded and elucidated,” according to President Ferdinand R. Marcos Jr. on Sunday, at the question-and-answer session at the World Economic Forum (WEF) annual meeting in Davos, Switzerland, in 2023.

The World Economic Forum may format soon, eh. There is now a format for the World Economic Forum, para ginagawa nila pareho siguro. Maybe it will be similar to what transpired in APEC (Asia-Pacific Economic Cooperation), where Dr. Klaus Schwab and I gave a brief speech before asking the crowd, “Ano ba ang sitwasyon doon sa inyo? Are you sure about that? (The viewers will inquire. What is the state of affairs in your nation? How do you feel). What is going on? In a media briefing on Flight PR 001, the President asked, “What will happen next? “.

If you’ll observe, planned remarks were brief—only lasting five minutes, “Kung titingnan mo ‘yung mga prepared speeches, maliliit lang, lang.” But I believe that setting and format will provide us with a greater chance to elaborate on the work being done in the Philippines, added Marcos.

Along with the audience Q&A, Marcos is looking forward to the “pull-aside” or “pull-away” meetings that will take place throughout the WEF.

‘Mag-usap nga tayo dito,’ said the dalawa. They move to one side (where they will eventually meet, let’s chat here) They refer to it as a pull-away in diplomatic jargon. The chief executive said that sometimes the finest transactions are done outside of the forum or that the majority of the best deals are done informally. “You know, they just pull somebody away and say, ‘usap tayo (let’s chat)’,” he added.

As a result, he continued, “we will have a lot of those because our own business group wants to engage with particular businessmen.

Marcos intends to discuss the country’s proposed sovereign wealth fund with world leaders at the Davos meeting.

The reason, according to Marcos, is “simply because generally speaking pare-pareho naman ‘yung ginagawa natin dito sa mga visits (what we do in our trips are basically the same): we talk about the Philippines, what is the scenario as an investment destination.”

“So, I will specifically say that we are establishing a sovereign wealth fund… for significant investments in fundamental fields like agriculture, energy, digitalization, and climate change… The point, though, is that there is now a wealth fund, stated Marcos.

After being designated as urgent by the President, House Bill No. 6608, also known as the Maharlika Investment Fund (MIF) bill, was adopted on the third and final reading by the House of Representatives on December 15.

The President is in Switzerland for his first participation in the WEF and is accompanied by his formal delegation, which consists of representatives from the government and business.

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