President’s Hall, Malacañan Palace
May 30, 2023
President Ferdinand R. Marcos Jr. received the executives of Charoen Pokphand Group (CP Group) in a courtesy call at the President’s Hall in Malacañan Palace.
CP Group is a conglomerate comprising multiple business entities in different industries under one corporate group. To this day, it is Thailand’s largest private company with US$2 billion investment in the Philippines.
The Group, led by Chairman Soopakij Chaeravanont, previously met with the Chief Executive on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit in Thailand last November 2022, where they expressed interest to put more investments in the Philippines’ aquaculture industry, as well as in rice and swine production.
During the meeting, President Marcos Jr. assured the CP Group of the government’s support as it rolls out its plans and programs for the Philippines’ agriculture sector, noting that there are other concerns to address such as the aging farmers, emergence of swine and avian flu, among others.
In response, the CP Group expressed its commitment in bringing state-of-the-art technology and training to young Filipinos for them to lead in modern farming, as well as doing its best effort in helping the country address swine and avian flu.
One of the many affiliates in the CP Group is the Charoen Pokphan Foods Public Company Limited (CPF) that operates integrated agro-industrial and food business, including livestock and aquaculture such as swine, broiler, layer, duck, shrimp and fish, retail and food outlets. The CPF’s subsidiary, Charoen Pokphand Foods Philippine Corporation (CPFPC), is the largest and most significant Thai investment in Philippine agriculture.
CPF Chief Executive Officer (CEO) Prasit Boondoungprasert and other executives from both CP Group and CPF also joined the meeting.