Shangri-La Hotel, Sydney, Australia
25 October 2012

President Benigno S. Aquino III was the keynote speaker during the Philippines-Australia Business Council attended by top officials both in Australia and the Philippine business industry. In his speech, the President laid down the reforms of the government in shaping and improving the Philippine business environment, citing at least eight positive credit ratings actions from international credit rating agencies.

The President invited the members of the Australian Business Council to invest in the Philippines where a level playing field is now being practiced and success is no longer a matter of gaining the favor of any high-ranking official. Some of the Philippine business industries that the President offered for possible venture are Business Process Outsourcing (BPO), shipbuilding, mining and the Public-Private Partnership Program (PPP).

After the forum, President Aquino answered some questions of the business delegates which include concerns on the development of Mindanao region and overseas Filipino workers.

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