PRRD to present PH as good investment destination: DTI chief

MANILA President Rodrigo R. Duterte is set to present the Philippines as a good investment destination to Thai businessmen while in Bangkok for the Association of Southeast Asian Nations (Asean) Summit, the head of the Department of Trade and Industry (DTI) said.

In a press conference Friday, Trade Secretary Ramon Lopez said the President is scheduled to meet with Thai businessmen, members and leaders of the federation of Thai industries, business chambers, as well as private companies who are in banking, food manufacturing, agriculture, agribusiness, and real estate.

"It will be an open discussion that will basically allow the President to present the Philippines as a very good investment destination," he said.

Lopez said some of these investment companies are already operating in the Philippines.

"So we are basically asking them to be more active and increase their exposure and their investments," he said.

Lopez said Duterte will guarantee the protection of Thai investments.

The President is also expected to present credit rating, reforms being undertaken with respect to investments, banks, financial reforms, and liberalization of foreign investment, he said.

"The Philippines has one of the vibrant economies in the region. In fact, we are the second fastest-growing in the Asean region, so we would like to reemphasize that," he added.

Duterte will be among the 10 state leaders expected to attend the 34th Asean Summit on Saturday and Sunday in Bangkok, Thailand. (PNA)

Source: Philippines News Agency

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