Marcos can sell PH as investment destination

CITY OF SAN FERNANDO Former President Gloria Macapagal-Arroyo expressed confidence on President Ferdinand R. Marcos, Jr.’s ability to "sell" the Philippines as an investment destination.

Arroyo, who is now Pampanga Second District Representative, is part of the official Philippine delegation in Davos, Switzerland for the annual World Economic Forum (WEF).

She said Marcos presented well to international business and political leaders the administration’s agenda for the country's economic recovery and growth.

"I have always believed that President Marcos’ trip to Davos would yield a good result. He is western educated, intelehente siya, at articulate siya (intelligent and articulate). To put it in English, he speaks their language,” Arroyo said.

The former president said she is confident that Marcos, Jr. could bring in more foreign investors to the Philippines.

She added that "The President knows the importance of the government’s partnership with the private sector to sustain the country’s growth. The private sector also believes in the potential of the President).”

The country has a good track record and a competent economic team, according to Arroyo.

"Meaning, we have a stable economy. That’s why the economic forecast for our country in 2023 is good. In one sentence, the Philippines is an excellent investment destination,” added Arroyo.

With Marcos during the inaugural participation at the WEF were Private Sector Advisory Council lead convenor and Aboitiz Group chief executive officer Sabin Aboitiz, Kevin Andrew Tan of Alliance Global; Ayala Group's Jaime Zobel de Ayala; Lance Gokongwei of JG Summit Holdings; San Miguel Corporation chief Ramon Ang; Teresita Sy-Coson of SM Investments; and Enrique Razon of International Container Terminal.

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