Philippine economic managers said in an economic briefing in Frankfurt, Germany on Monday, Jan. 23, that the country has various investment opportunities for business leaders who are planning to grow their businesses.
The Department of Budget and Management (DBM) said the economic leaders mentioned the Philippines’ beneficial investment environment with structural reforms, young workforce, strong private sector support, infrastructure spending prioritization, regional coordination, and stable political environment.
“This administration has more than a hundred implementation-ready infrastructure projects so if the investors are ready to come in, these are projects that are easy to implement,” DBM Secretary Amenah Pangandaman said at the Philippine Economic Briefing.
She also noted that government agencies have also included climate and disaster resilience on their budget talks for projects and programs as a result of DBM’s Climate Change Expenditure Tracking (CCET).
Finance Secretary Benjamin Diokno also invited German investors to consider investing in Philippine telecommunications, airports, toll roads, agribusiness, renewable energy, and shipping.
Bangko Sentral ng Pilipinas Governor Felipe Medalla and Socioeconomic Planning Secretary Arsenio Balisacan also participated in the briefing, a platform to update the international community on the country’s economic developments. –AG–gb
