By Liezelle Soriano
President Bongbong Marcos at NYSE (Photo courtesy by Manila Bulletin)
MANILA — President Ferdinand “Bongbong” Marcos Jr. called the Philippines ‘Asia’s fastest rising economic star’ after speaking to businessmen at the Philippine Economic Briefing held in New York.
“I thank you for your continuing interest in the Philippines, which we are touting with great confidence as Asia’s fastest rising economic star,” Marcos said.
Marcos added that the US is the third largest trading partner and fourth source of foreign direct investment for the Philippines.
“As we slowly rebuild the Philippine economy for rapid growth, we have created an even wider space for mutually beneficial investments. The Philippines is a reliable host for international partnerships,” he said.
“The country’s favorable business climate is shored up by the sound macroeconomic fundamentals and a clear roadmap for economic recovery and sustained growth,” the President added.
He added that the country’s economy continues to suffer from the pandemic.
“The country is on its way to a strong recovery from the pandemic and robust road-based growth in the next six years. In fact, our projected economic performance in the medium term is expected to surpass our regional neighbors,” the chief executive said.
Yesterday, the peso closed at P58.48 in the face of continued depreciation. (ai/mtvn)