Romualdez commends Philippine success at WEF

Photo courtesy of House Speaker Romualdez

MANILA, Philippines–Speaker Ferdinand Martin G. Romualdez has lauded the Philippine delegation for its successful mission at the 2024 World Economic Forum (WEF) Annual Meeting, highlighting their efforts in promoting the Maharlika Investment Fund (MIF) and enhancing the country’s appeal to foreign investors.

Speaking before his return to the Philippines on Friday night, Romualdez praised the delegation for placing the spotlight on the MIF and the Philippines’ investment potential.

“I am grateful for the invaluable contributions of each member of the Philippine delegation to this year’s WEF meet which enabled us to make significant inroads in focusing international attention on the MIF and the bright prospects for investing in the Philippines,” Romualdez, who headed the delegation, said at the event in Davos, Switzerland, held January 15-19.

Key figures in the delegation included Maharlika Investment Corporation CEO Rafael Consing, Jr., Bangko Sentral ng Pilipinas Governor Eli Remolona, and Energy Secretary Raphael Lotilla.

Romualdez also mentioned the upcoming WEF CEO Roundtable in Manila, scheduled for March 18-19, as a promising follow-up to the Davos discussions.

The Manila roundtable, to be held at the Malacañang Presidential compound, is expected to attract over 50 representatives from local and international companies, focusing on foreign funds and investment firms interested in the MIF.

Romualdez credited the success in part to support from World Trade Organization Permanent Representative, Ambassador Manuel A.J. Teehankee, and the Philippine Embassy in Switzerland, led by Ambassador Bernard Faustino Dy.