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Aquino to showcase PH’s performance in Davos


President Benigno Aquino. FILE PHOTO

ZURICH—President Aquino is scheduled to arrive here early Thursday morning on a three-day visit seen to herald the Philippine growth story to global business leaders, fellow heads of state, multilateral institutions, civil society and the Filipino-Swiss community.

Mr. Aquino will arrive in Zurich at 6:30 a.m. on Thursday and travel for about two hours to Davos, one of Switzerland’s biggest ski resorts, to attend the World Economic Forum annual meetings for the very first time as head of state.

The President will be welcomed here by Philippine Ambassador to Switzerland Leslie Baja,  Philippine Permanent Representative to the United Nations Evan Garcia, and Permanent Representative to the World Trade Organization Esteban Conejos Jr.

“I think the biggest impact would be the message that (he) will be able to give to the audience in Davos. The Philippines ended 2012 with very good credentials as far as the economic performance of the country is concerned, as far as our campaign on good governance is concerned,” Baja said.

“There are over 1,600 CEOs (chief executive officers) who will be attending Davos in the World Economic Forum and I think the message will certainly be that the Philippines is back in business, that the Philippines has very strong economic fundamentals that basically is…we’re ready to do business with any country in the world,” Baja added.

In Davos, Mr. Aquino will meet with top executives from German car giant Volkswagen and International Monetary Fund managing director Christine Lagarde on Thursday afternoon.

There’s also a tentatively scheduled meeting Thursday afternoon with Duncan Niederauer, chief executive officer of NYSE Euronext, a leading global operator of financial markets and a provider of innovative trading technologies.  In 2010, NYSE Technologies, the commercial technology division of NYSE Euronext, helped the Philippine Stock Exchange migrate to a new trading infrastructure seen enhancing its product range, trading performance and volume capacity of the local bourse.

On Thursday evening, Mr. Aquino is set to grace WEF’s private reception “Partnering Against Corruption Initiative.”

Since assuming office in 2010, Mr. Aquino’s strong signal to the global community on governance reforms has boosted investor confidence in the Philippines, sending the local stock market to new record highs.

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Tags: Benigno Aquino , Business , Davos , economy , Philippines , Switzerland , world economic forum

  • disqusted0fu

    What performance? The anti corruption drive that is focused on GMA, where the cases are weak because it lacks basis and evidence? While the kkks are freely doing whatever they want despite allegations of corruption? that anti corruption drive?

  • leomar101

    What investors confidence you are talking carandang? You don’t even know that Foreign  Direct Investment in 2012 was way below  down to half of the FDI in 2011. Stock Market are not the real gauge of an economic growth. These are loose monies that can be taken out anytime by the owner/investors at anytime they like.

  • iping2sison

    The world has finally noticed PH with the current administration. I wish Pnoy will entice more investors to invest in PH.

  • Your_King

    What good governance is PNoy talking about? The Atimonan 13 incident? Or how about DILG Usec Puno? Or maybe it’s Padaca who has graft cases against her but PNoy appointed as the Comelec chair? Is the call for a gun ban but the Head of State chooses to exempt himself the example? The good governance example could well possibly be the way things are being run in the BuCor? I’m not quite sure what good governance and anti-corruption PNoy talking is about?

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