Articles worth reading

Low pressure area spotted east off Luzon 

account_balanceMetro Manila access_time4 days ago

A low pressure area (LPA) spotted 1,240 kilometers east of extreme Northern Luzon may develop into a tropical cyclone in the next 48 hours, the weather bureau said in a report by Philippine News Agency. The trough of LPA may cause scattered rain sho...

Gllasea Ann Hilario shows her trophy and certificate after winning the Under-10 category of the National Age Group Chess Championships held in Malolos, Bulacan from July 19-24, 2022. She learned how to play chess at the age of four, after getting encouraged by her brother.

10-year-old becomes Woman National Master 

account_balanceMetro Manila access_time4 days ago

Gllasea Ann Hilario takes pride in winning the Under-10 category of the National Age Group Chess Championships (NAGCC) held at the Robinsons Place in Malolos, Bulacan from July 19 to 24, according to a report by Philippine News Agency. Aside fr...

17 senators want to postpone barangay polls

account_balanceMetro Manila access_time4 days ago

Seventeen senators voted on Tuesday to postpone the Barangay and Sangguniang Kabataan Elections (BSKE) for another year while only Minority Leader Aquilino Pimentel III and his deputy, Senator Risa Hontiveros, opposed, according to a report by P...

Metro News

Aboitiz encourages US firms to invest in PH 

account_balanceMetro News account_circleNoah James chat_bubble_outline0 Comments

The Philippines is the “right” investment destination, a Filipino business tycoon leading the Private Sector Advisory Council (PSAC) told American investors on Tuesday (Manila time),  according to a report by Philippine News Agency.

Speaking before the United States business leaders in New York City, PSAC convenor and Aboitiz Group chief executive officer, Sabin Aboitiz, said the Philippines is ripe for investment, noting that the country is back on the “fast track” to its recovery from the coronavirus disease 2019 (Covid-19) pandemic.

“Now, more than ever, with the dawn of a new era of digital progress, and an environment that has never been more enabling and conducive for business, the Philippines is ripe and open for investment,” Aboitiz said in a speech delivered during the New York Stock Exchange (NYSE).

Advertisement

In his keynote speech delivered at the NYSE Economic Forum, President Ferdinand “Bongbong” Marcos Jr. enticed more US investors to do business in the Philippines, assuring them that the country has a “robust” and “resilient” economy.

Aboitiz backed Marcos and expressed confidence that the current administration will live up to its promise to make the Philippines a “transformed” nation.

He also guaranteed the US business community that the country has “promising possibilities of the future” and “massive economic potential,” considering that it remains one of Asia’s fastest-growing economies.

“So, we are here today to support our President and his genuine efforts to revitalize this relationship and remind you of our commitment,” Aboitiz told American investors and traders.

“We support his efforts to assure you of the integrity, of the stability, and the solidarity of his administration and the Philippine economic system, which is not without wounds but neither without the determination to heal them,” he added.

‘Strong leader with a compelling vision’

Aboitiz also assured US investors that Marcos has the ability to bring together the best minds in business and use them to find real solutions to real problems.

To strengthen the private-public partnerships, the Marcos administration will build the critical infrastructure needed to support all industries and enable businesses to thrive on a globally competitive scale, Aboitiz added.

Aboitiz issued the statement, as he vouched for the competence of Marcos, who he described as “a strong leader with a compelling vision and a political will.”

“With a unified support of our Congress and the Filipino people, the new Marcos administration is taking a whole-of-government and -nation approach to deliver on its promise to transform our economy,” he said.

“We in the business community believe in this vision. And as our long-time allies and partners, we hope you will too,” Aboitiz added.

‘Next big thing in Asia’

Aboitiz also expressed optimism that the Philippines will become the “next big thing in Asia,” given the current decisive and action-oriented leadership style of Marcos.

“And this is the kind of inclusive and collaborative leadership that will transform our economy into the next big thing in Asia,” he said.

Aboitiz said the country has a large pool of young, talented, and English-proficient workforce, as well as more economic opportunities for foreign investors.

He noted that the Philippines has numerous operating economic zones and IT parks that are fully equipped with support capabilities, making it easier for foreign companies to do business with convenience.

He said the country likewise has bountiful and beautiful natural resources that provide investment opportunities in the agriculture and tourism industries.

The Philippines' business process outsourcing, electronics, manufacturing, creative, maritime resources, and export sectors have similar potential with track records of success, Aboitiz added.


date_rangeDate Published
1 week ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Mandaluyong undertakes road clearing operations 

account_balanceMandaluyong chrome_reader_mode6 days ago

A total of 307 individuals in different areas in Mandaluyong City have been evacuated due to the onslaught of typhoon “Karding” Sunday evening, according to a report by Manila Bulletin. Data obtained by Manila Bulletin from the city gove...

Fare hike take effects on October 3

account_balanceMetro Manila chrome_reader_mode6 hours ago

The public, transport companies, and drivers were informed by the Department of Transportation (DOTr) that the fare increase it approved will go into effect on Monday, October 3, according to a report by ABS-CBN News. However, PUVs must first publis...

Senate passes SIM Card Registration Act

account_balanceMetro Manila chrome_reader_mode4 days ago

Sen. Bill 1310, also known as the Subscriber Identity Module (SIM) Card Registration Act, was approved by all senators in attendance at the Senate's 25th regular session on Tuesday, according to a report by Philippine News Agency. Senator G...

UP, Ateneo teams to beat in UAAP basketball

account_balanceMetro Manila chrome_reader_mode3 days ago

University of the Philippines (UP) and Ateneo are the teams to beat for the UAAP men's basketball tournament which will begin on Saturday at the Mall of Asia Arena in Pasay City, according to a report by Philippine News Agency. Almost all o...

Let's Stay Connected Like us on our Facebook page.
×
Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature