President Ferdinand Marcos Jr. can attract investments at the World Economic Forum by dangling the strong economic standing of the Philippines and Southeast Asia even with fears of a possible global economic slowdown. | GabrielLaluINQ
Romualdez based his assessment of a global economic slowdown on a Jan 14 article by Jo-Ok Lee, head of the Regional Agenda for the Asia Pacific region at the WEF, who noted that Asean is one of the few bright spots.
Despite this, the article said the Philippines and Malaysia could potentially be the top two countries in the region. Considering all these, Romualdez said the conditions should bode well for Marcos’ bid to take home pledges and investments at the WEF. He said that aside from Cabinet members, seven of the country’s top businesspeople are also in Davos as part of the delegation. The House leader added that according to the President, the biggest deals are accomplished on the sidelines of the WEF, where world leaders discuss possible partnerships.
Later in the day, Marcos and First Lady Liza Araneta-Marcos will join WEF founder and Chair Dr. Klaus Schwab and his wife Hilde in a private dinner.On Monday, Romualdez said he is confident that Marcos can use the WEF to introduce and explain to the world how the proposed Maharlika Investment Fund — the country’s first, if enacted, sovereign wealth fund — would operate.
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