Secretaries Ramon Lopez (DTI) Ernesto Pernia (NEDA) Benjamin Diokno (DBM) and Deputy Governor Diwa Guinigundo (Bangko Sentral) pitched the Philippines (PH) growth story during a roundtable forum with British corporation presidents and CEOs last September 25 at the sidelines of the Philippine Economic Briefing in London.

The Philippine officials led engaging discussions on the bright prospects in the country under President Rodrigo Duterte’s administration, considering recent macroeconomic performance, latest growth figures on investments and industry, manufacturing resurgence, and the stability and discipline applied in the fiscal and monetary policies and programs.

Organized by the DTI and Asiahouse of UK, the roundtable discussions allowed the participating UK companies to learn in greater detail the factors behind the growth as well as economic reforms in the tax regime, investment incentive modernization, the aggressive infrastructure development program, investment opportunities in manufacturing particularly in electronics, automotive, aerospace, shipbuilding, agribusiness and in the sectors of tourism and IT-BPM services as well as greater market access to other countries with special trading arrangements such as in ASEAN, Japan, EFTA, US and EU. Discussions covered also covered the latest regional growth programs, monetary and production-oriented tools in solving inflation, and the impact of the US-China trade war.

Present at the meeting were executives from Asia House, Arup, Babcock, De La Rue, HSBC, KPMG, Kroll, Leonardo Helicopters, Mitsui & Co. Europe, Pernod Ricard, Prudential, Shell, and United Overseas Bank (UOB).♦

Date of Release: 27 September 2018