Trade & Investment

Philippines Business and Investment Forum: Multi-Dimensional Approach to Growth

Philippines Business and Investment Forum Highlights Achievements of Aquino Administration and Reassures Investors of Political Stability and Growth Prospects in Key Sectors

New York City – At the March 3 Philippines Business and Investment Forum held in the Sheraton New York Times Square, over 290 attendees listened as panelists presented an optimistic Philippine economic outlook, citing steady gains in GDP growth of 6% under the Aquino administration, positive investment grade ratings, a broad government revenue base, improved transparency index and sustained good governance standards. The Philippine delegation was led by Finance Secretary Cesar V. Purisima, former Trade Secretary Gregory Domingo, Agrarian Reform Secretary Virgilio de los Reyes, Chairman of Philippine Competition Commission Arsenio M. Balisacan, and H.E. Ambassador Jose L. Cuisia, Jr.

Panelists: (L-R) Nouriel Roubini, (Roubini Global Economics), Finance Secretary Cesar V. Purisima, Amb. Jose E.B. Antonio (Century Properties Group), Arsenio M. Balisacan (Philippine Competition Commission), Elena Popina, (Bloomberg, Moderator)

In a dialogue, US-Philippines Society Co-chair Ambassador John D. Negroponte and Founding Director Enrique Razon underscored the importance of trade facilitation and regional integration. They cited areas where the Philippines has comparative advantages. US-PH Society Directors Ambassador Jose E.B. Antonio, Cirilo Noel, and Jay Collins represented the private sector and banking industry.

The forum, organized by InvivaLink and co-sponsored by the Philippine government and the US-Philippines Society, provided an effective platform for direct networking, facilitating 80 one-on-one side meetings between interested US investors and high level officials and executives.

The country’s robust economy offers lucrative investment opportunities for US businesses in key sectors including infrastructure, IT-business process management, agriculture, mining and tourism. The forum highlighted the Philippines’ multidimensional growth initiatives in integrating SME’s (small and medium enterprises) representing 90 percent of businesses, into the global supply chain.

Read More on the Key Issues Discussed at the Forum.

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