President Ferdinand Marcos Jr. on Saturday said business leaders at the World Economic Forum (WEF) considered the Philippines as part of the “VIP Club,” a list of Southeast Asian countries with the best-performing economies. READ:
The President made this remark in an interview, saying the Philippines’ participation in the WEF in Davos, Switzerland served as an excellent platform to showcase the country’s strong economic performance.
The Chief Executive also had the opportunity to meet and exchange views with several leaders of countries and organizations, such as World Trade Organization Director-General Ngozi Okonjo-Iweala, In Davos, the President highlighted the administration’s policies, including the Philippine Development Plan, the 8-Point Socioeconomic Agenda, and various other policies and legislation that highlight the economic reforms that have led to its sustained growth.
Trade Undersecretary Ceferino Rodolfo noted the “game-changing reforms” pursued by the Marcos administration, including the amendment to the implementing rules and regulations of the Renewable Energy Act of 2008 to allow 100 percent foreign capital in renewable energy projects. During his participation in WEF, the President touted the country’s success story and encouraged foreign investors to consider doing business in the Philippines.
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