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VIDEO: Philippines Investment Forum 2015 Highlights

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President Aquino graces the 4th Euromoney Philippine Investment Forum at The Peninsula Manila in Makati City
The 4th Annual Euromoney Philippines Investment Forum was held in Manila, yesterday, 24 March 2015 attended by over 500 business leaders, investors and policymakers to discuss the country’s economic prospects and challenges for 2015/2016. Watch the highlights including the Speech of His Excellency, Philippines’ President Benigno “Noynoy” Aquino III. (Photo Credit: Noynoy Aquino (P-Noy) Official Facebook Page)

Snapshot of Phillipines’ Current Economic Situation

“Perhaps I can also provide a little more data: 2014 was indeed a banner year for net FDIs, reaching an all-time high of $6.2 billion, 65.9 percent higher than what we received in 2013. We have likewise posted impressive growth: from 2010 to 2013, the Philippines averaged a GDP growth of 6.3 percent. Compare this to the previous three-year period, under my predecessor, where growth was just at 4.3 percent. On top of this: even in spite of the lingering effects of Typhoon Haiyan and the uncertainty in the global economy, our country still posted a respectable 6.1-percent GDP growth figure last year.

The Philippines was likewise upgraded to investment grade by all three major credit ratings agencies in 2013, and has continued to receive upgrades since. We are indeed making history. All these, and many other factors, have led to even greater optimism for our country’s prospects. Just to give you one example: Bloomberg recently reported, I’m told, that the Philippines is forecasted to be the world’s second fastest growing economy in 2015.

The tremendous amount of confidence the global community has developed for the Philippines is incredibly gratifying, especially considering that, not too long ago, we were known as the “Sick Man of Asia.” However, our administration remains hard at work so that we can maximize every opportunity available to us, and I think many of you will agree with me when I say: You ain’t seen nothing yet.”

– President Benigno Simeon C. Aquino III, Philippines

Tags: Philippines, Philippine Economy, Philippines Business News, Philippines Investment Forum

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