Bank of China co-organized the Philippine Economic Briefing in Beijing on March 20, 2019 where more than 500 Chinese officials and executives joined the event.
The PEB aimed to provide potential investors with an in-depth update on the Philippine economic, fiscal and political situation as well as on the Duterte administration’s ‘Build, Build, Build’ program.
The Philippines is on a roadmap of diversifying its investor base and support for Philippine credit has been strong. “Investor interest in the Philippines is growing and the PEB in Beijing gives us the opportunity to address any concerns and questions from Chinese investors,” said Deng Jun, country head of Bank of China Manila.
The Philippine delegation to Beijing is composed of Executive Secretary Salvador Medialdea and the Philippine economic team headed by Finance Secretary Carlos Dominguez, acting Budget Secretary Janet Abuel, Public Works Secretary Mark Villar, Transportation Secretary Arthur Tugade, National Economic Development Authority assistant secretary Carlos Bernardo Abad Santos, Bases Conversion and Development Authority president and chief executive Vivencio Dizon and Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo.
Bank of China said it is fervently supporting the Philippine government’s initiatives to attract foreign investments to the Philippines and bridge both the Philippine and Chinese markets. The bank played a similar role during the 2017 Philippine Economic Briefing in Shanghai, China which it also co-organized.
With its extensive investor reach and intimate understanding of both markets, Bank of China continues to pursue improved relations between China and the Philippines. According to Deng Jun, the PEB is a progression of this mission.
“We fully support the Philippine government’s development initiatives and we understand the need to diversify our investor basket. The PEB is just one of many steps towards continued discussions with global investors,” he said.