Aboitiz to US business community: PH is ripe, open for investments | Inquirer Business

Aboitiz to US business community: PH is ripe, open for investments

By: - Reporter / @DYGalvezINQ
/ 05:33 PM September 20, 2022

NEW YORK CITY, United States —  Private Sector Advisory Council chairperson Sabin Aboitiz, the CEO of Aboitiz Group, on Monday (Tuesday Manila time) made his sales pitch to American investors, saying the Philippines is ripe and open for investments.

Speaking before American business leaders at the New York Stock Exchange, Aboitiz said the private sector supports President Ferdinand “Bongbong” Marcos Jr.’s plans to open up the country’s economy, also assuring US-based investors of the Philippines’ “total commitment” to revitalize its relationship with the US.

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He also encouraged the American business community to invest in the Philippines.

“We live in uncertain times, but in our corner of the world, the Philippines remains one of Asia’s fastest-growing economies,” Aboitiz said.

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“And with the pandemic now largely out of the way, we are back on that fast track, accelerating out of recovery mode and onto the promising possibilities of the future. Now more than ever, with the dawn of a new era of digital progress, and an environment that has never been more enabling and conducive for business, the Philippines is ripe and open for investment,” he added.

Aboitiz is one of the 30 representatives from the Philippine business sector selected to accompany the Department of Trade and Industry (DTI)–led government delegation to the United States.

Also present at the event, according to Aboitiz, were Jaime Zobel de Ayala of Ayala Corp., Ramon Ang of San Miguel Corp., Lance Gokongwei of Cebu Pacific, International Container Terminal Services Inc. chairman and president Enrique Razon.

The other business leaders in the Philippine delegation were Metro Pacific Corp. chairman and president Manuel V. Pangilinan, Magsaysay Group president and CEO Doris Ho, and SM Prime Holdings director Hans Sy.

Marcos addressed American business leaders at the New York Stock Exchange, encouraging them to invest in the Philippines.

After his remarks, the President rang the NYSE’s closing bell, signifying the closing of the day’s trading session.

Marcos woos investors in New York, cites ‘mutually beneficial’ investment climate in PH

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TAGS: American investors, Bongbong Marcos' U.S. trip, business delegation
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