MANILA – Philippine economic managers are set to discuss economic and industry updates with business leaders, bankers, and investors during the scheduled Philippine Economic Briefing (PEB) in New York on Thursday.
This will be the second PEB held abroad, the first was held during President Ferdinand “Bongbong” Marcos Jr.’s state visit to Singapore.
Marcos is expected to deliver a keynote message at the PEB and encourage investors to take part in the Philippines’ economic resurgence.
“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),” the Department of Budget and Management (DBM) said in a press release.
Economic managers are expected to explain in detail Marcos’ pronouncement during his debut speech at the 77th session of the United Nations General Assembly that he expects the Philippines to be a “moderately prosperous” country by 2040.
Diokno, Pascual, Budget Secretary Amenah Pangandaman, Socioeconomic Planning Secretary Arsenio Balisacan, Bangko Sentral Governor Felipe Medalla, and Ayala Corporation Chairperson Jaime Augusto Zobel de Ayala will be leading discussions during the PEB.
“The discussion will revolve on economic development and outlook, fiscal management, budget priorities, and the business climate in the country,” the DBM said.
Meanwhile, 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 second panel will tackle Philippine trade and industry, tourism, transport, energy, and information and communications technology.
According to the DBM, 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.
The PEB, organized by DOF and BSP, is an avenue to touch base with over a hundred decision-makers to discuss the status of and outlook on the economy.
PEB New York will be live-streamed via the Facebook page of DBM Philippines (https://www.facebook.com/DBMgovph) at 9:00 PM Manila time. (PNA)