PHL presents economic progress to Dutch business leaders

The Philippines engaged Dutch business leaders in a high-level dialogue in the Netherlands to promote investment opportunities and highlight the country's economic progress.

The event was co-organized by the Department of Finance, Department of Trade and Industry, Philippine Trade and Investment Center, and Bangko Sentral ng Pilipinas, and hosted by ING.

Over 30 Dutch business and financial leaders attended the dialogue, where Philippine economic officials presented the nation's growth and reform initiatives.

Finance Undersecretary Domini S.D. Velasquez noted the country's strides in becoming more open and competitive, particularly with the enactment of the CREATE MORE Act.

ING CEO Steven van Rijswijk expressed optimism about the Philippines' growth and investment potential, mentioning that over 100 Dutch companies are already invested in the country.

These Dutch companies generate over $5 billion in export revenues and employ approximately 350,000 Filipinos, with some having a presence for 35 years.