Businessman Sabin M. Aboitiz, chief organizer of President Ferdinand Marcos Jr.’s Private Sector Advisory Committee (PSAC), is selling the Philippines as “the next big thing in Asia” by whetting the appetite of American firms to pool their investments. dollars in the country.
In his address to the New York Stock Exchange (NYSE), Aboitiz updated American investors on the President’s continued efforts to “assure you of the integrity, stability and solidarity of his government and the Philippine economic system…and unlock the tremendous economic potential our country has to offer.” has to offer.”
The managing director of Aboitiz Equity Ventures (AEV) claimed Marcos has “the humility to seek the help of those who know more to help those who need more. This is the kind of determined, action-oriented leadership that we have in our country today. And this is the kind of inclusive and collaborative leadership that will transform the Philippine economy into the next big thing in Asia.”
However, he acknowledged that “we live in uncertain times, but in our corner of the world, the Philippines remains one of Asia’s fastest growing economies.”
And as the coronavirus pandemic begins to see the light at the end of the long, dark tunnel, “We’re back in the fast lane, accelerating into recovery mode and stepping into the promising possibilities of the future. Now more than ever, with the dawn of a new era of digital advancement and an environment that has never been more conducive and conducive to business, the Philippines is ripe and open for investment,” emphasized Aboitiz.
He went on to say that “the friendship between our two countries has always been like Wall Street itself, a busy two-way street of economic give and take, and we sincerely hope and believe it will remain so forever.”
Aboitiz therefore stated that “we are here today to support our President in his earnest efforts to revitalize this relationship and to remind you of our total commitment to doing so.”
Among Southeast Asian countries, investment flows to the Philippines have lagged behind in recent years’ investor favorites such as Thailand, Vietnam and even Cambodia; as well as the firmer markets of Singapore, Indonesia and Malaysia.
Referring to the business community in the Philippines, Aboitiz conveyed, “I’ve seen many presidents in my life, and they all have their strengths. The one we have today pretty cleverly got 30 of our country’s busiest CEOs to volunteer for him and for our country.”
He noted that in his role as PSAC Convenor, he witnessed “this man’s ability to bring together the best minds in business, use them to find real solutions to real problems, and then implement them immediately, like he would.” flip a switch. ”
Senior business leaders in Marcos’ US travel delegation include: Enrique Razon, Chairman and President of International Container Terminal Services Inc. (ICTSI); Manuel V. Pangilinan, Chairman and President of Metro Pacific Investments Corp.; Ramon S. Ang, President and CEO of San Miguel Corporation; Jaime Augusto Zobel de Ayala, Chairman of Ayala Corporation; Lance Gokongwei, President and CEO of JG Summit Holdings; Among others, Hans Sy, Director of SM Prime Holdings and Doris Magsaysay-Ho, President and CEO of Magsaysay Group.
Aboitiz explained that the businessmen “work for him (Marcos) because he listens to reason and gets things done.”
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