WEF participation “breaking away” | The Manila Times

Zurich, Switzerland: President Ferdinand “Bongbong” Marcos Jr.’s attendance on the just-concluded World Financial Discussion board (WEF) annual assembly was “pioneering” as he efficiently introduced a essentially wholesome Philippines to the worldwide neighborhood, Treasury Secretary Benjamin Diokno claimed on Friday.

Throughout a six-day go to to Switzerland, Marcos defined the state of the Philippine economic system and briefed traders on initiatives being taken to make sure the nation’s continued restoration and make it extra conducive to enterprise.

On the Philippine Nation Technique Dialogue in Davos earlier this week, the President identified that the economic system is anticipated to develop by round 7 % this yr. Whereas the precise forecast is 6.5 %, “there are indicators we may beat that,” he added.

“Our sturdy macroeconomic fundamentals, fiscal self-discipline, structural reforms and key sector liberalization carried out through the years have allowed us to climate the unfavorable shocks attributable to the pandemic and subsequent financial downturns and discover a approach ahead pointing to a robust restoration,” he mentioned.

Diokno mentioned in an interview, “The President has efficiently introduced to the worldwide neighborhood an economic system that’s essentially wholesome and is anticipated to have one of many highest progress charges within the Asia-Pacific area, if not the world.”

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He mentioned the president additionally supplied a politically secure nation, with a frontrunner popularly elected by a big majority of the voting populace, “with a easy and seamless transition of energy.”

The Philippines additionally emerged as a rustic with sturdy help from its personal sector companions, as evidenced by the sturdy participation of Filipino enterprise leaders on the just-concluded WEF.

The official enterprise delegation included Sabin Aboitiz from Aboitiz Group, Kevin Andrew Tan from Alliance World, Jaime Augusto Zobel de Ayala from Ayala Group, Lance Gokongwei from Gokongwei Group, Ramon Ang from San Miguel Corp., Teresita Sy-Coson from SM Group and Worldwide Enrique Razon of Container Terminal Companies Inc.

Manuel Pangilinan of PLDT Inc. additionally appeared at a President’s Dinner hosted by Chief Govt Officers in Davos on Wednesday evening.

“The lively and enthusiastic participation of the Philippine enterprise leaders within the WEF actions has been really spectacular,” mentioned Diokno.