Economic Briefing in Tokyo to present PH economic performance, outlook

The Philippine Economic Briefing (PEB) goes to Tokyo as part of President Ferdinand R. Marcos Jr.'s official visit to the Japanese capital on February 8-12, 2023.

President Marcos' trip seeks to further strengthen the strategic partnership between the Philippines and Japan, including economic and defense cooperation.

The PEB, scheduled on February 10, will have the country’s economic managers discussing investment opportunities in the Philippines.

The first part of the Business Opportunities Forum consists of the country's economic performance and outlook to be presented by Finance Secretary Benjamin E. Diokno.

This will be followed by a panel discussion with the Marcos Jr. administration's economic team which includes Secretary Diokno, Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman, Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan.

For the part of the DBM, Secretary Pangandaman is expected to highlight the important features of the FY 2023 General Appropriations Act (GAA), updates on Expenditure Accounts, Budget Reforms Initiatives, and the Marcos Jr. administration's Priority Legislative Agenda.

The second part of the forum is about infrastructure and industry sectors. Panelists include the secretaries of the Department of Trade and Industry (DTI), Department of Public Works and Highways (DPWH), Department of Tourism (DOT), and Department of Transportation (DOTr).

President Marcos Jr. will deliver the keynote address.

To precede the forum are roundtable meetings with corporate leaders, signing of letters of intent/agreements, a luncheon and networking event, and a meeting with business forum organizers.

In a recent interview, Secretary Pangandaman said previous PEBs have generated positive response from international business leaders and investors.

The Marcos Jr. administration’s economic team has so far conducted three PEBs: Frankfurt and London last January; and Singapore, and the United States in 2022.

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