PH ready to embrace South Korea’s investments, Marcos says
The Philippines stands ready to embrace South Korea's investments, President Marcos told foreign investors as he stressed that investing in the country is a "fine strategic move."
READ MORE: https://mb.com.ph/2024/10/7/ph-ready-to-embrace-south-korea-s-investments-marcos-says
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READ MORE: https://mb.com.ph/2024/10/7/ph-ready-to-embrace-south-korea-s-investments-marcos-says
Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletin
Visit our website at http://mb.com.ph
Facebook: https://www.facebook.com/manilabulletin
Twitter: https://www.twitter.com/manila_bulletin
Instagram: https://instagram.com/manilabulletin
Tiktok: https://www.tiktok.com/@manilabulletin
#ManilaBulletinOnline
#manilabulletin
#LatestNews
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NewsTranscript
00:00The business-to-business agreements that we've signed today, encompassing sectors such as infrastructure, public-private partnerships, energy and affordable housing, are a clear indication of the enthusiasm and commitment of our private sectors.
00:16To our partners from Korea, you have shown that business is in your blood. Investing in the Philippines at this opportune time is a fine strategic move.
00:30In the first half of 2024, the Philippines experienced a remarkable growth of 6%. It solidifies the Philippines' position as one of the fastest-growing economies in the region.
00:42Foreign direct investment also remains strong, with net inflows of almost $9 billion last year.
00:50These achievements reflect our success in implementing business-friendly reforms. We are dismantling bureaucratic barriers, lowering the cost of doing business, and enhancing our global competitiveness.
01:06To our esteemed Korean partners, I want to assure you, the Philippine government stands ready to embrace your investments with open arms and with a continuing and unwavering support.
01:18We are continuously finding ways to make the Philippines a more conducive place to do business. We are accelerating policy reforms designed to improve the business environment here.
01:36For more UN videos visit www.un.org