PH on the right track for continued growth: PBBM

investments, country’s economic team will hold a series of briefings to market the Philippines in the business community in the Middle East, Asia and Europe in the first half of the year.

The Philippines is heading in the right direction toward achieving its goal of sustaining its growth momentum, President Ferdinand R. Marcos Jr. has said.

In a vlog uploaded on his official Facebook page on Saturday, Marcos said the PHP708 billion in investment pledges secured during his five-day working visit to Japan from Feb. 8-12 is an indication that his administration is on the “right track.”

“Alam naman natin, mga negosyante ito. Ito ay hindi nadadaan sa mga pakiusap, kundi kung may makita sila na may potential, na magkakaroon sila ng magandang operation dito sa Pilipinas (We all know that they are businessmen. They could not be pleased just by mere appeals. They need to see the Philippines’ potential for good operation [of businesses]), Marcos said.

“Sa kanilang pagpirma ng mga LOI (letters of intent), pinapakita nila na tama naman ang pagpapa- takbo ng ating ekonomiya, tama naman ang tinutunguhan natin (With the signing of LOIs, it proves that we are on the right track in managing our economy, that we are heading in the right direction),” he added.

Around 35 LOIs and agreements have been signed between the governments of the Philippines and Japan, as well as different business companies from both nations, to deepen their partnerships