BALI, Indonesia, (PNA) — President Benigno S. Aquino III pitched the Philippines as the best alternative investment site to chief executive officers and ranking business officials attending the Asia Pacific Economic Cooperation Business Advisory Council (ABAC) dialogue being held here in line with the APAC on Monday.
In an interview, Communications Development and Strategic Planning Office Secretary Ramon Carandang said the President promoted the viability of the Philippines to potential investors due to the country’s strong growth and stability among others in the region and is the best place to let their businesses grow.
“As we said before, the mission here to a large part is to continue to attract more investments into the country so they can create more jobs and this morning was dedicated to dialogues with international business leaders to do just that,” Carandang said.
“In general…we have been saying that there is a lot of uncertainty in the global economic environment, you know that there is a government shutdown in the United States, slow growth and even recession in some parts of Europe, here in Asia we are seeing continued sustained growth not just in the Philippines but other countries in the region,” Carandang said.
“We have very stable macro-economic fundamentals, low inflation, low interest rates, steady growth and so we can provide a stable environment for investors to grow their businesses. So that has been our general pitch,” he added.
The President was accompanied to ABAC by Foreign Affairs Secretary Albert Del Rosario and Trade Secretary Gregory Domingo.