PH to attract American investors
MANILA, PHILIPPINES — The Philippines is set to hold an economic briefing in the United States (U.S.) to convince and attract investors to do business there.
Department of Finance (DOF) Secretary Benjamin Diokno said the briefing would highlight how the Philippines transformed into one of the “fastest-growing economies in the fastest-growing region in the world.”
“We will unveil the many business opportunities for foreign investors in the Philippines.”
The finance chief added that they would present the country’s 2022 economic growth at 7.6% on broad-based expansion.
Diokno will also note that government spending is expected to pick up with the early approval and timely implementation of the 2023 national budget.
The Philippine economic team will be in the U.S. this week to participate in the 2023 spring meetings of the World Bank Group and International Monetary Fund in Washington.
Aside from these meetings, the economic managers would meet with around 180 senior executives and representatives of large US-based businesses, including aircraft firm Boeing, Carroll real estate investment, GeoX, transport company FedEx Corp., financial services firm Visa, and automobile manufacturer Ford Motor Co.
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