NextGen Day

The first-time participation of President Ferdinand R. Marcos Jr. in the WEF is a smart move to promote the Philippines as an “outstanding” investment location, according to the former president and Senior Deputy Speaker of the House of Representatives Gloria Macapagal-Arroyo.

Arroyo praised Marcos for his presentation of his administration’s plans for the Philippines’ economic recovery and growth to WEF attendees, including political and business leaders.

“I have always thought that President Marcos’ trip to Davos will produce positive results. Matagal nang paniniwala ko na magiging maganda ang date ni Pangulong Marcos dito sa Davos. He has received a Western education, is intellectual, and is articulate (intelligent and articulate). To put it simply, he speaks their language, Arroyo said in an interview on Wednesday. Arroyo is a member of the official Philippine delegation attending the annual WEF in Davos, Switzerland.

“Napaka-importante ang pagsasama ng gobyerno at ng pribadong sektor, alam ng Pangulo na sa pag-uunlad ng ating bansa. The President is aware of the significance of the government’s collaboration with the private sector in sustaining the progress of the nation. At ikalawa naman, malakas at matatag ang paniniwala ng private sector sa ating Pangulo. The president’s potential is also admired by the commercial sector.

Arroyo expressed assurance that Marcos’ visit to Switzerland will bring in more international investors.

She praised the nation’s successful track record, noting that the administration has a capable economic team.

So, to sum it up, we can say that our economy is stable and that our economic estimate for 2023 is optimistic. Because of this, the economic outlook for our nation in 2023 is favorable. The Philippines is a great place to invest, to put it simply,” Arroyo remarked.

In his opening remarks, Marcos informed investors that his administration is taking a “proactive” approach and developing measures that would increase their trust. The WEF’s high-level debate on investing in infrastructure resilience is being held on this topic.

He gave the guarantee while recognizing the crucial role that private sector partners play in achieving the government’s objectives for economic development.

On the fringes of the WEF, Marcos also met with a number of businessmen to entice them to make investments in the Philippines.

Additionally, seven business moguls from the nation went to Davos with the official Philippine delegation to support Marcos’ attendance at the WEF.

Sabin Aboitiz, CEO of the Aboitiz Group and principal convenor of the Corporate Sector Advisory Council, stated in a separate interview that the private sector is “very, very glad” to cooperate with the Marcos administration.

The combination of the great belief in the private sector and the availability of both money and advice and excitement is ideal, don’t you think? said Aboitiz.

Along with Aboitiz, the official Philippine business delegation also consists of Teresita Sy-Coson (SM Investments), Enrique Razon, Jaime Zobel de Ayala, Lance Gokongwei, Ramon Ang, Jaime Zobel de Ayala, JG Summit Holdings, Alliance Global, and Jaime Zobel de Ayala (International Container Terminal).

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