PBBM says PH a haven for business dev’t, progress
PBBM says PH a haven for business dev’t, progress
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00:00 The last two years since the president took office have been an economic resurgence that is tops in the ASEAN region
00:07 Thanks to a more symbiotic business ecosystem put in place where investors can grow their money in a step with a surging
00:15 National economy as such foreign investors can soak in an ideal business climate with a private public
00:22 Partnership code in place game-changing reforms to speed up business transactions and big-ticket
00:28 infra clean energy and digitization
00:31 projects afoot to bolster progress
00:34 Which the president cited in today's Indo-Pacific summit that our Alan Francisco covered in this report
00:41 The Philippines is a haven for business development and progress
00:47 This was stated by President Ferdinand R. Marquez Jr. at the Indo-Pacific Business Forum in Taguig City earlier today
00:54 He does encourage foreign investors to grow their money or financial assets in the country
00:59 particularly by becoming part of the government's build better more program the government is currently focusing on more than
01:06 180 priority infrastructure projects worth nearly 10 trillion pesos with a public private partnership code
01:15 We have accelerated the delivery of critical projects
01:19 fostering economic growth and enhancing the quality of life for all Filipinos
01:24 This landmark legislation makes collaboration between the government and the private sector
01:30 even more efficient
01:32 The Philippines is also promoting its leadership in smart and sustainable
01:37 transportation within the Indo-Pacific region
01:39 The country is strengthening its renewable energy sector and ongoing digitalization initiatives
01:45 The government is also supporting micro, small and medium enterprises to advance sustainable business practices
01:52 President Marquez mentioned the establishment of the Maharlika Investment Fund along with this the president
01:59 Highlighted the country's strong and improving economic record as the Philippines occupies a strategic position in the Indo-Pacific
02:06 We are leveraging our strategic geopolitical location
02:10 economic engagements and
02:13 participation in regional agreements
02:15 with this region accounting for over one-third of global economic activity
02:21 This presents immense opportunities for our nation. We are proud
02:26 to be a major contributor
02:28 with our GDP ranking amongst the fastest growing in the region coupled with our burgeoning population and
02:36 significant trading outputs. I am proud to share that our economic achievements have been
02:43 Outstanding. Among the initiatives being promoted by the Philippines for strategic partnerships are the free trade agreement and the generalized
02:51 system of preference. These agreements
02:53 underscore our commitment to fostering economic growth and international cooperation
02:59 with RCEP
03:02 Investors can access other markets from RCEP countries by manufacturing and exporting their products from the Philippines
03:10 There are also other game-changing reforms in legislation that will help support foreign investments. Through these reforms
03:18 We assure you that the Philippine government is fully committed to supporting and facilitating your business endeavors in our country
03:26 We extend our hand in partnership and stand ready to provide any assistance that you may require
03:33 As you navigate the business landscape of the Philippines
03:37 Alan Francisco from the National TV Network for a new and better Philippines