Recto meets firms at WEF on AI-driven investments

During the World Economic Forum (WEF) in Davos, Switzerland, several companies expressed interest in investing in the Philippines.

Finance Secretary Ralph Recto met with senior executives from leading firms like Coinbase, Revolut, ING, HCLSoftware, Visa, Philips, Coca-Cola, Citi, HSBC, and AirAsia to discuss potential collaborations.

Companies showed keen interest in leveraging AI for financial inclusion, healthcare improvements, workforce upskilling, and digital economy advancements.

Recto emphasized the government's commitment to fostering innovation while ensuring robust regulatory frameworks for industries like cryptocurrency and fintech.

Discussions also covered opportunities in digital health solutions, payment system enhancements, cybersecurity measures, and aviation services expansion.