Davos trip gains investment interest from 9 int’l firms

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Nine multinational companies have signified interest in investing or expanding their operations in the Philippines after their top executives met with President Ferdinand Marcos Jr. at the World Economic Forum (WEF) in Davos, Switzerland, Finance-- READ:

with President Ferdinand Marcos Jr. at the World Economic Forum in Davos, Switzerland, Finance Secretary Benjamin Diokno said Thursday.Speaker Ferdinand Martin Romualdez and Special Assistant to the President Secretary Antonio Lagdameo engage CNN anchor and correspondent Richard Quest in an animated conversation Wednesday during the sidelines of the World Economic Forum in Davos, Switzerland.

When issues on government policy are addressed, private sector participation automatically happens, particularly by raising capital, Laroia said. Sultan Ahmed bin Sulayem, group chairperson and chief executive officer of DP World, told Marcos during the meeting that the logistics company has been developing industrial parks in many countries, including Senegal, Egypt, India and Pakistan.

“If we secure additional investments, there will be more job opportunities in our country which will pave the way for the further development of our economy,” he said in Filipino. With the help of partners from the private sector, the Philippine government’s goal to transform the Philippines into an “equitable, prosperous and resilient” nation by 2040 is attainable, Marcos said.

“Whether natural or man-made, such disruptions and breakdowns have catastrophic indications for global businesses,” Marcos said.

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