2nd Philippine Economic Briefing in Singapore set on June 15
After the successful run of the first Philippine Economic Briefing (PEB) in Singapore last year with President Ferdinand R. Marcos Jr., the country’s economic managers will once again engage with Singapore-based business leaders, bankers, and investors on June 15, 2023.
The first PEB Singapore resulted in USD 6.5 billion worth of investment pledges, topped by investment in the transportation sector for the manufacturing of electronic tricycles valued at USD 5.0 billion. It also includes investment in renewable energy through floating solar panels generating energy to power communities, amounting to USD 1.2 billion. This illustrates the strong ties between the two countries with Singapore being one of the top sources of Foreign Direct Investments (FDI) in the Philippines.
To further strengthen economic collaboration, the Philippines’ Economic Team is gearing up for the second PEB Singapore which carries the theme, “Unfolding New Chapters in the Philippines’ Growth Story.”
Department of Finance (DOF) Secretary Benjamin E. Diokno will deliver the keynote speech and present an overview of the country’s economic performance and key economic liberalization reforms to encourage foreign investments in different sectors of the country.
This will be followed by the presentations of Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. on the performance and outlook of the monetary, external, and financial sectors; Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman on the priority expenditures supporting the Philippine Development Plan 2023 to 2028; and National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan on infrastructure investment and development. They will also join a panel discussion to be moderated by DBM Undersecretary Margaux Salcedo and BSP Managing Director Tony Lambino. The private sector, represented by the Founder and Managing Director of Stratbase Group and Bower Group Asia, Mr. Victor Andres “Dindo” C. Manhit, will serve as a reactor in the panel discussion.
Aside from the PEB, the Economic Team is also set to join sideline meetings with DBS Bank, HSBC, and Singapore Second Minister for Finance and Second Minister for National Development Indranee Rajah.
The PEB was co-organized by the BSP, DOF, DBS Bank, and the Investment & Capital Corporation of the Philippines (ICCP) with the assistance of the Philippine Embassy in Singapore. It serves as an avenue for economic leaders to discuss investment opportunities in the Philippines.
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