Following the successful run of the Philippine Economic Briefing (PEB) in Singapore, the country’s economic managers are now set to engage with business leaders, bankers, and investors in New York today, September 22.
The PEB New York will focus mainly on economic and industry updates, to be led by Secretary Benjamin Diokno of the Department of Finance (DOF) and Secretary Alfredo Pascual of the Department of Trade and Industry (DTI).
After his debut speech at the 77th session of the United Nations General Assembly (UNGA), President Ferdinand Marcos Jr. will deliver the keynote message at PEB New York and encourage investors to take part in the Philippines’ economic resurgence.
"Despite the challenges of the pandemic and the global economic upheavals, we remain on track to reach upper middle-income status by next year. With steady investment in food [security], public health, education, and other social services, we expect to become a moderately prosperous country by 2040. I am confident that we will achieve this vision," the President said at the UNGA.
The Chief Executive’s pronouncement will be further tackled by the first panel of the PEB, composed of the Finance Chief, Budget Secretary Amenah Pangandaman, Socioeconomic Planning Secretary Arsenio Balisacan, Bangko Sentral Governor Felipe Medalla, and Ayala Corporation Chairman Jaime Augusto Zobel De Ayala. The discussion will revolve on economic development and outlook, fiscal management, budget priorities, and the business climate in the country.
Meanwhile, the second panel will showcase Philippine trade and industry, tourism, transport, energy, and information and communications technology. President and CEO Sabin Aboitiz of Aboitiz Equity Ventures, who is also the head of the Private Sector Advisory Council, will also join the panel to share his insights on investment opportunities.
The collaboration between the government and the private sector showcased in the PEB is expected to result in lasting ties with key stakeholders that will propel the inflow of investments in the country. Organized by DOF and BSP, the event is an avenue to touch base with over a hundred decision-makers to discuss the current status of and outlook on the economy.
PEB New York will be livestreamed via the Facebook page of DBM Philippines (https://www.facebook.com/
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