The Manila Hotel, Manila
October 20, 2022

Recognizing the vital role of the business sector as drivers of economic growth, President Ferdinand R. Marcos imparted the government’s commitment in improving the country’s business climate when he keynoted the 48th Philippine Business Conference and Expo held at The Manila Hotel in the City of Manila.

“The challenge over the last few years was striking a delicate balance between the economy and public health, but always putting an important premium on keeping our communities safe from another outbreak… In this journey, our business sector has always been an important partner and a source of new and bold ideas and how we can bounce back and prosper in the long run,” the Chief Executive highlighted.

As the Administration aims to elevate the status of the Philippines as a top investment destination, he cited a few of the measures that were put in place towards this endeavor such as enhancing the country’s digital infrastructure, developing the renewable energy sector and strengthening infrastructure development with special emphasis on Public-Private-Partnership (PPP) in key projects, among others.

“Do know that the government is unwavering in its commitment to make the Philippines a viable option for businesses, both for local and foreign investors,” the President added.

“Because despite the extensive disruptions we had to endure in the past two years, it has always been entrepreneurs and the business sector who have steadfastly steered our direction towards economic success,” he continued.

Convened annually by the Philippine Chamber of Commerce and Industry (PCCI), the event serves as a venue for policymakers, business leaders and other stakeholders to meet and discuss policy recommendations in creating a sustainable and resilient business environment.

This year’s gathering — back in full physical format after two years of virtual conference due to the Coronavirus Disease 2019 (COVID-19) pandemic — bears the theme, ‘The Philippines is ready and open for business’, and centers on the readiness of the country’s businesses to fully open up, help grow the economy and move towards achieving the 2040 Vision of ‘Matatag, Maginhawa at Panatag na Buhay’.

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