Domestic development is expected to be sustained by inflows from overseas Filipino workers (OFWs), notwithstanding…
Updates on the PH economy and industry will be discussed in the New York briefing.
At the next Philippine Economic Briefing (PEB) in New York on Thursday, Philippine economic managers are slated to discuss recent economic developments and other industries with business executives, bankers, and investors.
The first PEB was held in Singapore during President Ferdinand “Bongbong” Marcos Jr.’s state visit; this will be the second PEB hosted abroad.
At the PEB, Marcos is anticipated to give the keynote address and call on investors to support the Philippine economy.
According to a press release from the Department of Budget and Management (DBM), “The PEB New York will focus primarily on economic and industry updates, to be led by Secretary Benjamin Diokno of the Department of Finance (DOF) and Secretary Alfredo Pascual of the Department of Trade and Industry (DTI)”.
Economic managers are expected to provide a thorough justification for Marcos’ claim that the Philippines will be a “moderately rich” nation by 2040, which he made in his inaugural speech to the 77th session of the UN General Assembly.
During the PEB, discussions will be led by Diokno, Pascual, Budget Secretary Amenah Pangandaman, Socioeconomic Planning Secretary Arsenio Balisacan, Bangko Sentral Governor Felipe Medalla, and Ayala Corporation Chairman Jaime Augusto Zobel de Ayala.
The DBM stated that the conversation would center on the nation’s business climate, fiscal management, budget priorities, and economic development and outlook.
The panel will also welcome Sabin Aboitiz, president, and chief executive officer of Aboitiz Equity Ventures and chair of the Private Sector Advisory Council, who will discuss investment potential.
The second panel will discuss the Philippines’ commerce, industry, tourism, energy, and information and communications technology.
According to the DBM, the partnership between the public and private sectors highlighted in the PEB is anticipated to produce long-lasting relationships with important stakeholders that will encourage foreign investment in the nation.
The PEB, hosted by DOF and BSP, is a forum for conversing with more than a hundred decision-makers about the state of the economy and its outlook.
At 9:00 PM Manila time, PEB New York will be live-streamed on the DBM Philippines Facebook page (https://www.facebook.com/DBMgovph).
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