President Ferdinand “Bongbong” Marcos Jr. on Thursday pitched Cambodian business leaders to invest in the Philippines, saying the government needs private sector partners to transform the economy.
“We would like to encourage everyone to at least take a look at the opportunities that are available to them. And in the end, we are not far away, so we think it will come someday, and we would like to encourage you to take a look at the opportunities that are available. We will explain what we have done, why we have done it, and where we have reached in the process of economic transformation,” Marcos told business leaders at a roundtable.
“I’m not talking about economic recovery. I’m talking about economic transformation because the new economy will be different from everything we did in 2019. And… This is what we are looking forward to and this is what I hope you all will come to the Philippines soon,” he added.
According to the Spokesperson’s Office, the Philippines and Cambodia have agreed to strengthen cooperation in various fields including agriculture (mechanization, rice imports, and food processing). Small and Medium Enterprises (MSMEs). energy; and low-cost housing.
Marcos said the Philippines faces a housing shortage of about 6 million units.
The Ministry of Human Settlements and Urban Development has announced the Pambansang Pabahay Para. We launched the “Sa Pilipino” program.
“It’s an ambitious number, but we’re going to work very hard,” he said.
According to OPS, the employment of Filipino nurses for geriatric care in Cambodia was also discussed.
He added that he mentioned not only digitalization, but also collaborations in the field of manufacturing clothing and travel bags.
“Once we digitize our operations, our bureaucracy, central government and local government, things will become much, much easier, because any investment actually needs to be approved at local government level as well. ,” Marcos said.
Marcos said the Philippine government is working to strengthen the country’s manufacturing industry and attract more foreign direct investment to contribute significantly to the country’s gross domestic product (the total amount of goods and services produced in a given period). He emphasized that.
He said the government still needs more partners from the private sector and that some public-private partnership policies and procedures have changed under his leadership.
Mr. Marcos said public-private partnerships are needed to support and support the business growth of start-ups and micro, small, and medium enterprises (MSMEs).
“It’s not just foreign investment that we encourage. We also encourage local investment because we feel there is potential in the market,” he said.
“A population of 107 million is a big market and we have to develop that market. We have not developed our own market. “I think it’s another possibility that can be exploited,” he added.
The Chief Executive is visiting Cambodia to attend the 40th and 41st ASEAN Summits and related summits.
He will also meet with Canadian Prime Minister Justin Trudeau and may discuss nuclear power with French President Emmanuel Macron. — Anna Felicia Bajo/RSJ/VBL, GMA Integrated News