The Bangko Sentral ng Pilipinas (BSP), together with the country’s economic managers, highlighted the Philippines’ growth potential and widening investment opportunities during the Philippine Economic Briefing (PEB) in Tokyo with drew about 500 participants from Japan’s business community on June 21, 2024.
Special Assistant to the President (SAP) for Investment and Economic Affairs Frederick Go shared updates on the Philippines’ promising outlook and growth story and the progress on the government’s plans toward building a resilient, inclusive and sustainable economy.
Finance Secretary Ralph Recto highlighted the strong and long-standing bilateral ties between the Philippines and Japan, in his keynote speech, tagging it as “The Philippines’ best friend in the region.”
He also urged Japanese investors to be a part of the country’s growth, as it has the potential to become a tiger economy. The finance secretary also cited Japan as the largest investor in the Philippines’ economic zones, with a total of 806 locator companies to date.
BSP Deputy Governor Francisco Dakila Jr. shared the latest BSP forecasts on foreign direct investments (FDIs) and factors affecting the outlook during the first panel session on “Shaping a Macroeconomic Landscape Conducive for Investments”.
