At least 9 int'l firms express interest to invest, expand business in PH

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Members of President Ferdinand “Bongbong” Marcos Jr.’s economic team said that at least nine international companies had signified their desire to invest or expand their business in the Philippines.

Communication Secretary Cheloy Velicaria-Garafil, Trade Secretary Alfredo Pascual, Finance Secretary Benjamin Diokno, Socioeconomic Planning Secretary Arsenio Balisacan, and Transportation Secretary Jaime Bautista

The Trade Secretary added that he met with Astranis, a US-based company that provides low-level satellites for purposes of access to the internet. In addition, he said he spoke with Thomas Buberl, the CEO of leading Swiss insurer AXA, who told him that they are “interested in increasing their presence” in the Philippines. AXA is currently partnering with the Metrobank Group in the Philippines.

During the same briefing, Finance Secretary Benjamin Diokno said the primary purpose of Marcos’ participation in the WEF is to “sell the country.”What do world CEOs think of PH? They ask a lot of questions about our moving forward— policy concerns, policy issues, what we are doing to make the economy even more attractive for investors, what reforms are being

“Their confirmation that our young workers are very optimistic in their work and very good attitude toward work,” he said.According to Balisacan, the public should understand that the effects of these talks have a long-term impact, particularly on job generation.

 

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