Philippine economic managers said in an economic briefing in Frankfurt, Germany on Monday that the country has various investment opportunities for business leaders who are planning to grow their businesses..
The Philippine Economic Managers assured business leaders and investment companies that when they think of growth, they can think of the Philippines as they proudly underscored diverse investment opportunities in the country during the Philippine Economic Briefing (PEB) held in Frankfurt, Germany on January 23.
The Economic Team also noted that the country has an advantageous investment environment with its structural reforms, young workforce, strong private sector support, priority on infrastructure spending, strategic regional coordination, and stable political environment—giving the Philippines a comparative advantage over other ASEAN countries.
"This administration has more than a hundred implementation-ready infrastructure projects so if the investors are ready to come in, these are projects that are easy to implement," Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman added as part of the discussion on Marcos Jr. Administration’s Build, Better, More program.
Meanwhile, in response to the increasing need for climate and sustainability investment, the Budget Chief shared that a significant number of government agencies in the Philippines have already mainstreamed climate and disaster resilience in the preparation of budgets for their programs and projects. This is a result of the Climate Change Expenditure Tracking (CCET) initiative of the DBM in partnership with the Climate Change Commission. Specifically, the CCET encourages agencies to intensify their efforts to implement climate change mitigation and adaptation programs. These include building disaster-resilient infrastructure and low carbon transportation, and promoting climate-smart agriculture and regulated renewable energy systems, among others.
In his keynote message, Finance Secretary Benjamin Diokno invited the German investing community to explore venture opportunities in the fields of telecommunications, airports, toll roads, agribusiness, renewable energy, and shipping.
The PEB serves as the platform for the Philippine government to provide international business and financial communities with updates on the countrys robust economic performance and investment opportunities.