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Wednesday, June 05, 2013


PRESIDENT Benigno S. Aquino III will once again invite global business leaders to explore investment opportunities in the Philippines during his attendance to the World Economic Forum (WEF) on East Asia in Myanmar.

President Aquino will fly to Nay Pyi Taw, Myanmar, on Friday to attend the plenary of the World Economic Forum as well as to invite the delegates of WEF to the country next year.

The Philippines will be hosting WEF on East Asia next year.

“As you also know, we are hosting the forum next year and, by tradition, the incoming host personally invites the delegates to the summit,” said Secretary Ramon Carandang, head of the Presidential Communications Development and Strategic Planning Office.

Carandang said that President Aquino will also have a bilateral meeting with Myanmar’s President Thein Sein and opposition leader Aung San Suu Kyi.

The President will also meet with business leaders who are attending the said forum.

“The main reason for attending the forum this year is to continue to invite foreign investors to come to the Philippines and, of course, to attract tourists as well,” Carandang said.

“The agenda of the Aquino administration is to generate inclusive growth and we can do that by inviting investors who can create jobs and that is the way of sustaining the anti-poverty programs that we have begun,” he added.
Carandang said the government is hoping to attract foreign investors from Asian countries. “We’re hoping that those closer neighbors of ours can be enticed to invest more in the Philippines,” he said.

“Our thrust for the last few years has been tourism, agriculture, and infrastructure, and we’re hoping that we can get investors to come in on those three areas in particular,” he said.

President Aquino, together with the Philippine delegation, will be back in Manila on Friday evening. (PND)

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