Int’l dialogues and roadshows showcase PH to global market

The PBBM administration’s Philippine Economic Briefings (PEBs), investor roadshows, and international dialogues have contributed to billions worth of pledges, such as the PHP 800 billion in investment pledges from Singapore and Indonesia; PHP 229 billion in investment pledges from the United States of America; PHP 157.0 billion in approved foreign investments from Germany; PHP 293.1 million approved investments from the United Kingdom (UK); and PHP 3.8 billion approved foreign investments, US$600 million infrastructure investment pledges, and PHP 708.2 billion investment deals from Japan.

Investors are able to gather insight into the Philippines’ key macroeconomic strengths, robust performance, commitment to structural reforms, and sound policy environment as a result of these events.

“Personally engaging with top level investors increases the Philippines’ visibility in the international arena, especially in untapped markets. Establishing bilateral economic relations is in line with the President’s call to form strategic alliances with the international community,” Finance Secretary Benjamin E. Diokno said.

As the head of the economic team, Secretary Diokno noted the importance of conducting regular and targeted briefings that keep global investors and partners updated on the Philippines’ priority areas and latest policy thrusts to improve the investment climate in the country.

According to him, international fund managers, investment houses, and fixed-income investors are particularly interested in knowing the Philippines’ credit story, growth outlook, and priority investment areas.

Just recently, the economic team engaged with Dubai-based funds who expressed interest in co-investment opportunities in infrastructure and fixed-income instruments, such as Environmental, Social, and Governance (ESG)-linked bonds, through the Maharlika Investment Fund, which will be operational by the end of 2023.

By highlighting the Philippines’ fundamental advantages of having a young highly-skilled workforce and enhanced investment environment, the government is able to attract foreign direct investments (FDIs) into the country.

“When visiting a foreign country, we look into areas that