Other Gulf states express interest in Maharlika

President Marcos meets with Saudi business leaders on the sidelines of the Association of Southeast Asian Nations-Gulf Cooperation Council Summit in Saudi Arabia the other day. He invited Arab businesses to invest in the Philippines and be part of the country’s development, saying investments in key sectors will ensure higher growth,

GCC members include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates; while Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand and Vietnam compose the ASEAN. “And it is not only Saudi Arabia, it is also other Gulf countries who have expressed an interest. And I am very encouraged and quite happy by the fact that the reaction that we got from our partners in Saudi Arabia and in other countries has been very, very encouraging and they really want to have, to help and invest in the because they really see it as a good investment,” Marcos said partly in Filipino.

Malacañang earlier released a copy of the memorandum signed by Executive Secretary Lucas Bersamin for the President suspending the implementation of the IRR of RA 11954. The Fund will be invested in a wide range of assets, including foreign currencies, fixed-income instruments, domestic and foreign corporate bonds, joint ventures, mergers and acquisitions, real estate and high-impact infrastructure projects.vivo school tour updates: V29 5G takes center stage at Jose Rizal University

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