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Tuesday, February 4, 2025

Davos meet affirms PH as investment destination

“The discussions we held in Davos reaffirm the immense potential of the Philippines as a key destination for global investments. —Speaker Martin G. Romualdez”

House Speaker Ferdinand Martin Romualdez expressed strong optimism for more foreign investments in the Philippines, which would create more jobs and propel economic growth, following the productive engagements of the Philippine delegation at the World Economic Forum Annual Meeting 2025.

“The discussions we held in Davos reaffirm the immense potential of the Philippines as a key destination for global investments,” Romualdez said.

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“We are grateful to President Ferdinand Marcos Jr. for sending a delegation that has showcased the many reasons why global investors should choose the Philippines. The reception has been overwhelmingly positive, and I am confident that this will translate to more investments that will fuel our economic growth.”

Romualdez recalled a chance meeting with a top industrialist from India at the WEF 2024, which developed into a fruitful partnership with a local business.

“I invited him to the Philippines, and he liked what he saw. And in fact, had it not been for the WEF, he would never have realized that the Philippines was open and welcoming to business from India,” he said.

The Speaker thanked the members of the Philippine delegation, including Finance Secretary Ralph Recto, Trade and Industry Secretary Ma. Cristina Roque, and influential business leaders from various sectors, for their significant contributions to promoting the country’s economic opportunities.

“I thank my fellow delegates for their tireless efforts and invaluable contributions in generating global interest in the Philippines,” Romualdez said.

“From highlighting our young and dynamic workforce to presenting our pro-business policies, such as the CREATE MORE Law and the Maharlika Investment Fund, we have successfully demonstrated that the Philippines is a viable and vibrant investment destination.”

As part of the Philippine delegation, Romualdez participated in high-level discussions and engaged with prominent global business leaders and officials. He emphasized the country’s balanced geopolitical approach and commitment to economic stability during the Stakeholder Dialogue titled “Navigating Asia’s Hotspots.”

The Philippine delegation hosted the Philippine Breakfast Interaction at WEF, which convened close to 50 international public and private sector leaders for a briefing on the Philippine economy and its bright potential as the next big investment destination.

The delegation showcased the country’s robust domestic economy, driven by e-commerce, making the Philippines the fastest-growing digital economy in ASEAN in 2024.

The legislative reforms under the Marcos administration, particularly the CREATE MORE law, were highlighted as concrete manifestations of the country’s readiness to listen to investors’ concerns and enhance the business climate.

The law aims to accelerate investment momentum by offering enhanced tax incentives, streamlining the investment approval process, and providing targeted incentives for strategic investments.

Romualdez reaffirmed the Philippines’ readiness to capitalize on the momentum generated by the WEF engagement in its third straight year of participation in the prestigious forum.

“Our participation in the World Economic Forum has once again placed the Philippines on the radar of global investors. We are ready to turn these opportunities into concrete investments that will uplift our people and accelerate our progress,” he said.

Editor’s Note: This is an updated article. Originally posted with the headline: “Romualdez confident of bringing jobs, investments after 2025 WEF talks”

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