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
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Twitter: https://www.twitter.com/manila_bulletin
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#ManilaBulletinOnline
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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