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Diokno: PBBM’s presentation of the Philippine economy at WEF is successful.

President Ferdinand R. Marcos Jr.’s first appearance at the WEF in 2023 was a success, said Finance Secretary Benjamin Diokno, who also praised the President for effectively showcasing the Philippines’ thriving economy.

In a Davos, Switzerland, interview, Diokno called Marcos’ participation in the WEF events “path-breaking.”

He claimed that “the President successfully portrayed to the world a fundamentally solid economy and is likely to have one of the highest growth rates in the Asia-Pacific region, if not the globe.”

According to Diokno, Marcos was also successful in portraying his nation as “politically stable,” with “a frictionless and easy handover of power” and a leader chosen by a large majority of voters.

The participation of prominent Filipino business figures in the WEF, he continued, is a sign of the partners in the private sector’s strong support.

Diokno praised the “active and enthusiastic engagement of the Philippine business leaders in the WEF activities.”

In a one-on-one conversation with WEF President Brge Brende on Thursday, Marcos expressed confidence that the Philippine economy would grow by or even beyond 6.5 percent in 2023, pointing out that his administration is focused on bolstering public-private partnerships and expanding the sector of micro, small, and medium-sized businesses.

On Thursday, Marcos also stated that the Philippine government is acting “proactively” to increase investor trust. He was speaking to attendees of the WEF’s High-Level Dialogue on Investing in Infrastructure for Resilience.

Marcos boasted that the government’s measures and policies had set the road for the Philippines’ economic recovery, allowing its partners and investors to enjoy a more favorable business environment, during the Philippine Country Strategy Dialogue on Tuesday.

Business tycoons from all industries have gathered in Davos, Switzerland to support Marcos’ first-ever WEF participation. The “Magnificent 7,” or Marcos’ official business sector delegation, is made up of Enrique Razon, Sabin Aboitiz, Kevin Andrew Tan, Jaime Augusto Zobel de Ayala, JG Summit Holdings’ Lance Gokongwei, Ramon Ang, San Miguel Corp.’s Ramon Ang, Teresita Sy-Coson, and Alliance Global’s Jaime Augusto Zobel de Ayala (International Container Terminal).

Manuel V. Pangilinan, a Filipino business mogul whose holdings include telecommunications behemoths PLDT and Smart, also indicated support for Marcos’ attendance at the WEF by attending the dinner the chief executive officers threw for the President on Wednesday night in Davos.

The head of the Aboitiz Group and the Private Sector Advisory Council, Aboitiz, praised Marcos’ economic plan for the nation, calling it “exciting” to business.

People get excited when there is that mutual respect, he continued, and the president has a tremendous belief in the private sector.

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