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Joint Economic Briefing: Sustainability of Foreign Direct Investments

On June 8, 2017, French, British, Dutch, German, Italian, Nordic, and Spanish Chambers of Commerce in the Philippines held a Joint Economic Briefing at Dusit Thani Manila.

Different business communities raised their concerns and prospects in the development of economic sector in the Philippines as CCI France-Philippines along with British, German, Italian, Nordic, and Spanish Chambers of Commerce together with the Philippines-Netherlands Business Council held its 3rd Joint Economic Briefing: Sustainability of Foreign Direct Investments on Thursday, June 8, 2017 at Dusit Thani Manila.

Mr. Bernie Villegas moderated the said event whereas Ms. Farida Adji (IFC - World Bank), Mr. Arjun Goswami (Asian Development Bank), USec. Garry de Guzman (DOTr) and Dir. Dominique Tutay (DOLE) stood as the guest speakers.

Ms. Adji, Senior Private Sector Specialist at the International Finance Corporation-World Bank and Mr. Goswami, ADB’s Regional Cooperation and Integration Division Director, highlighted the private sector and compared the foreign and local firms. According to the former, there is a better productivity from the foreign firms than the local ones and she also applauds the growth of country when it comes to some facets of the economy. The latter, on the other hand, addressed the Philippines competencies across the Southeast Asian region.

However, DOTr USec. Garry de Guzman and DOLE Director for Employment and Policy Support Dominique “Nikki” Tutay, pointed out the current actions of the government regarding the foreign direct investments.

Behind the success of this event includes the support of BDO Unibank Inc., Continental, Kittelson & Carpo Consulting, Leechiu Property Consultants, Manila North Harbour, Parkway Corporate Center c/o Filinvest and Philippine Retirement Authority as its major sponsors and its minor sponsor includes Oxford Business Group. Also, ANC 24/7, Bloomberg TV, Business Mirror and Primer Media handled the event coverage.

This Joint Economic Briefing went all well as it aimed to pursue more the country's economic systems, international ties and its prospects for development through government's infrastructures, tax reforms and transparency in coordination with the foreign direct investments.

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