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Marcos: MIF a magnet for capital as PH poised for robust growth
President Ferdinand "Bongbong" Marcos Jr. presented the Maharlika Investment Fund (MIF) as a growth driver to global business leaders during a World Economic Forum (WEF) roundtable in Manila.
Marcos highlighted that the MIF is the Philippines' first sovereign investment fund, intended to attract foreign equity financing and boost long-term economic expansion while maintaining fiscal discipline.
The President also emphasized the Philippines' efforts to strengthen trade and economic partnerships within Southeast Asia to foster cooperation amidst global geoeconomic fragmentation.
He invited global leaders and partners to explore investment opportunities in the Philippines, with members of his economic team available for in-depth discussions.
Finance Secretary Ralph Recto mentioned that the Maharlika Investment Council is actively identifying various sectors for potential investments.
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President Ferdinand R. Marcos Jr. invited foreign investors to participate in the Philippines' "exciting new phase" of economic growth during the World Economic Forum (WEF) Country Roundtable.
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President Ferdinand "Bongbong" Marcos Jr. encouraged German business leaders to invest in the Philippines, assuring them it is a "reliable partner" for market expansion.
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President Ferdinand "Bongbong" Marcos Jr. expressed confidence in achieving an 8% GDP growth rate by the end of his term, aiming for 6% to 7% growth this year.
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World Economic Forum (WEF) President Børge Brende projected that the Philippines has the potential to reach a $2 trillion economy within the next decade, contingent upon sustained reforms in education, infrastructure, and renewable energy.
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The Philippines secured at least US$4 billion (P220 billion) in investment deals from eight business agreements signed during President Ferdinand "Bongbong" Marcos Jr.'s working visit to Germany.
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