PH to host next World Economic Forum


DEBUT IN DAVOS President Aquino keynotes the World Economic Forum (WEF) activity, “Partnering Against Corruption Initiative-Private Reception,” in Davos, Switzerland, where he said transparency and a level playing field remain his administration’s priorities. It is Mr. Aquino’s first time at the WEF. Malacañang Photo Bureau

DAVOS, Switzerland—After President Benigno Aquino’s debut at the World Economic Forum annual meeting here, the Philippines has agreed to host the next annual WEF summit focused on East Asian concerns.

Aquino announced in a chat with Philippine journalists covering him Friday night (Swiss time) that the Philippines would host the WEF East Asia Summit in 2014.

Myanmar is hosting this Asian-focused regional WEF summit this year, taking over from Thailand’s hosting in 2012.

“Of course, it will not be as widely attended as the one here in Davos. But again, it puts us at the center stage of the world map for that period, which is something like July or so,” Aquino said.

The WEF East Asia summit is attended by about a thousand business leaders, policy-makers, academicians and civil society.

“The details will have to be worked out. It was offered to us and I accepted hosting the event,” he said.

The President met with WEF founder and executive chair Klaus Schwab, a German economist, during his visit to Davos.

Deemed by many as the de facto private sector representative of the world, WEF is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas.

The theme of the 43rd World Economic Forum Annual Meeting is “Resilient Dynamism” given various challenges faced by the global economy.

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  • Pollo

    from davos, to davao city to show that wee have develop other part of the country

  • PinoyPower1

    Go Philippines!

  • Platypus09

    Running any entity, organization, or even country is like running a business.

    It means that you don’t get benefits, in other words SALES – PROFITS, if you DON’T spend or invest, much so on MARKETING strategies.

    When you promote our country, you have to do everything including SPEND and present your ASSETS/DISPLAYS and EXCELLENT products for buyers with money to come into your store (country) and disburse cash and checks.

    That is simple business logic.

  • FernandoBusi

    Ok to those who say that this is worth spending our taxes on tell me this. What is the direct benefit of our hosting last years annual ADB conference? Remember they even had to put barricades on some of the bridges so that the squatter areas will not be seen by the delegates ala Imelda Marcos time. 

    Paki lista lang pos sa baba if it generated new FDI’s.


    Do you even remember the traffic it caused and know the economic cost from it? The money is better spent on other things with tangible benefits. 

    If you consider what time EA WEF happens seems to me they volunteered para lang me masasabi sa susunod na SONA.  

    • Garo Ungaro

      In business there’s such thing as short term and long term benefits.
      How can you get benefits? right from the start it already wrong. 
      Business is always there, but what can you do to attract business?
      going in business with a set mindset is a disaster. Look for a long term
      benefits, might not benefit us now, maybe in the future? “You spend money
      to make money.” Thats what they called “investments”?

      • FernandoBusi

        Why not answer the question. Give me some tangibles not nonsense. Well anyway off to enjoy my weekend.

      • Garo Ungaro

        Your lucky you have a good weekend under this administration?
        enjoy my friend…

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