Philstar
Philippines draws global interest for AI investments – DOF
Finance Secretary Ralph Recto's presentation at the World Economic Forum in Davos has attracted significant interest from international investors in artificial intelligence (AI) for the Philippines.
Recto highlighted the country's strategic advantages, positioning it as a key partner in the future economy.
Global company leaders from Coinbase, Revolut, ING, Visa, and Philips expressed interest in collaborating with the Philippines on AI for sectors like financial inclusion, healthcare, and workforce upskilling.
Coinbase Co-founder and CEO Brian Armstrong initiated a meeting with Recto to convey its strong interest in expanding its footprint to the Philippines.
Armstrong cited the country's growing digital economy and blockchain adoption as reasons for potential expansion, recognizing the Philippines' potential role in the cryptocurrency space.
This potential entry could establish Coinbase's presence within the ASEAN region.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
US-based cryptocurrency exchange Coinbase is exploring entry into the Philippine market, signaling a significant potential boost for the country's digital economy.
Read more →
Finance Secretary Ralph G. Recto, acting as the President's Special Envoy to the World Economic Forum, urged global investors in Davos to consider the Philippines as a hub for their business operations.
Read more →
House Speaker Martin Romualdez reported an overwhelmingly positive reception for the Philippine delegation at the World Economic Forum (WEF) Annual Meeting 2025 in Davos, Switzerland, signaling strong prospects for foreign investments.
Read more →
House Speaker Martin Romualdez leads the Philippine delegation at the World Economic Forum (WEF) 2025 in Davos, Switzerland, aiming to foster collaboration and attract investments.
Read more →