The Philippine government is set to launch an investment and infrastructure roadshow in the United States from June 24 to 29 to highlight the country’s projects and growth areas.
Philippine Ambassador to the US Jose Cuisia Jr., along with the Bureau of Treasury of the Department of Finance (DOF), will be leading the roadshow dubbed “Invest in the Philippines: Asia’s Bright Spot.”
Cuisia said the event reflects the importance attached by the government to building dynamic, mutually beneficial and long-term engagements with the United States and other important trading partners.
“As a pillar of Philippine foreign policy, economic diplomacy is a powerful tool for strengthening our relations with international partners and advancing our national interest overseas,” Cuisia was quoted as saying by a statement issued by the DOF on Tuesday.
Finance Secretary Cesar Purisima said drawing high-quality investment in key areas of opportunity such as infrastructure is a win-win for both the Philippines and foreign investors.
“This is a fundamental component of our strategy as we build better infrastructure to support the growing mobility and connectivity needs of a booming population,” he said.
Covering Washington D.C., New York City, and San Francisco, the team will also be joined by Trade and Industry Secretary Gregory Domingo, Public Works and Highways Secretary Rogelio Singson, Transportation and Communications Undersecretary Rene Limcaoco, Public-Private Partnership Center Executive Director Cosette Canilao, and Bases Conversion and Development Authority President Arnel Casanova.
The private sector will also be represented by National Competitiveness Council Co-Chairman Guillermo Luz and other senior executives from Philippine companies.
The DOF said the roadshow will showcase the Philippines’ accelerating economy and bullish outlook on the back the government’s good governance agenda.
The Finance agency said infrastructure development has always been a key priority of the Aquino Administration, with the Philippines on track to reach infrastructure spending equivalent to 5 percent of gross domestic product by 2016.
Potential investors are expected to enhance our country’s development with resources, technical expertise, and technology, it added.
“We continue to bring our story of improving fiscal strength abroad in looking for reliable partners who wish to invest in the Philippines’ future,” Purisima said.