PBBM urges Cambodia’s biz leaders to invest in PH
Philippine President Ferdinand “Bong Bong” Marcos, Jr. (PBBM) is encouraging business leaders in Cambodia to invest in the country.
During a CEO roundtable meeting, Marcos told the prospective investors that the Philippines is looking to further develop its manufacturing sector.
“I do not talk about [the] recovery of the economy, I talk about [the] transformation of the economy because the new economy is going to be different from everything that we did in 2019. And so this is what we are looking forward to, and I hope to see you all in the Philippines soon,” Marcos stated.
Department of Trade and Industry (DTI) Secretary Alfredo Pascual added that the CEO roundtable meeting is an avenue for business leaders from both countries to connect and seize a visible surge of development in both economies.
He also noted that attendees represent various industries in Cambodia, including logistics, hospitality, retail, pharmaceutical manufacturing, IT and business process outsourcing, and startup development.
“These very well match our priorities back in the Philippines too,” said Pascual.
Meanwhile, speaking on behalf of the Cambodian side, Worldbridge Group Chairman Rithy Sear said that there are many ways that the two countries can learn from each other and work together.
“Many of the same industries that the Philippines has excelled in can be developed here in Cambodia, not as competition to Filipino companies, but as complementary extensions of existing operations and supply chains; adding resilience and increased capacity to serve ASEAN and the global markets,” Sear emphasized.
