LOOK: Series of Economic Reports in Europe concludes in London

LONDON – With government data released Thursday morning showing Philippine Gross Domestic Product (GDP) growth beating the government’s projection of 6.5% to 7.5%, the country’s economic managers had more confidence in its attempt to attract foreign investors, during the Philippine crisis. Economic Briefing (PEB) held on January 26 at Broadgate, London.

(Photos by Ernie Delgado)

“I am proud to announce that we exceeded our own goal. In the fourth quarter of last year, our economy grew by 7.2%, bringing the full-year GDP growth rate to 7.6%. This exceeds our own target of 6.5% to 7.5%,” Finance Secretary Benjamin Diokno said.

In his main message, Diokno also invited the global business community to explore venture opportunities in the Philippines: “We invite the UK investment community to explore venture opportunities in the fields of communications, airports, toll roads, agribusiness, renewable energy and shipping.”

Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman presented the priority expenditures in the FY2023 national budget to investors and how they will perform in achieving the goals outlined in the Philippine Development Plan from 2023-2028.

“The time to invest in the Philippines is now. We have a hard-working administration. We have economic growth. We have peace in Mindanao. And above all, we have sun”, said Pangandaman.

Philippine economic managers led by Diokno assured business leaders and companies that when they think of growth, they can think of the Philippines, as they proudly highlighted the various investment opportunities in the country.

Also present at the briefing, which was moderated by DBM Undersecretary Margaux Marie Salcedo and Bangko Sentral ng Pilipinas Managing Director Antonio Lambino III, Bangko Sentral Governor Felipe Medalla and Undersecretary of the Authority National Institute of Economics and Development, Rosemary G. Edillon.

The Philippines economic team kicked off the economic briefing in Frankfurt, Germany on Monday, January 23 and concluded the series in London.