The government’s top economic officials are set to conduct a roadshow in Japan to attract investors to various areas of business in the Philippines, the Investors Relations Office (IRO) of the central bank said.
The IRO said the roadshow is meant to update Japanese audiences about the Philippines’ economic performance, outlook, development plans and targets for the medium term.
The presentation has adopted the theme “Sustaining Inclusive Growth through Infrastructure and Capital Market Development.”
Set for October 8 at the Shangri-La Hotel in Tokyo, the roadshow will be led by Finance Secretary Cesar Purisima, Socioeconomic Planning Secretary Arsenio Balisacan, Public Works and Highways Secretary Rogelio Singson, Tourism Secretary Ramon Jimenez Jr., and Securities and Exchange Commission Chair Teresita Herbosa.
The IRO said the Philippine delegation will also talk about the income potential from investing in the priority sectors of the government, as well as the processes involved in securities and tax registration in the Philippines.
“There have been exciting developments for the Philippine economy over the past four years, and even more exciting things are expected to happen over the medium term as the agenda of good governance, infrastructure development and social progress continue,” Finance Secretary Cesar Purisima said.
“We would like to share the positive outlook to investors and fund managers in Japan, and tell them it is worthwhile to do business in the Philippines,” he added.
Other officials to compose the visiting team from the Philippines are National Treasurer Rosalia de Leon, Executive Director Cosette Canilao of the Public-Private Partnership (PPP) Center, Assistant Governor Johnny Noe Ravalo of the Bangko Sentral ng Pilipinas, Deputy Commissioner Nelson Aspe of the Bureau of Internal Revenue, Undersecretary Rene Limcaoco of the Department of Transportation and Communications, Undersecretary Raul Aguilos of the Department of Energy, and IRO Executive Director Editha Martin.
Jose Antonio Vilar, head of marketing services at the Philippine Stock Exchange (PSE), was invited to join the delegation. He will talk about equity securities listing on the PSE.
Also invited to speak during the event to talk about the Japanese outlook on the Philippines’ monetary and fiscal system, and outlook on the country’s infrastructure sector were Etsuaki Yoshida, director and senior economist at the Japan Bank for International Cooperation; and Hidetoshi Irigaki, director general for Southeast Asia and Pacific at the Japan International Cooperation Agency.
The IRO said the Philippine economic team has found it prudent to regularly hold roadshows and proactively engage foreign investors to complement the aim of boosting investments.
Lastly, it said that the coming road show in Tokyo will be held as the Philippines continues to pave the way for a sustainable and a more inclusive economic growth over the medium to long term, such as through the attraction of more foreign investments in the country’s priority sectors.