President Gloria Macapagal-Arroyo brings with her the best of what the Filipino and the Philippines can offer when she addresses the 11th Credit Suisse Asian Investment Conference (AIC) in Hong Kong from March 30 (Sunday) to April 1 (Tuesday).
The President is expected to make a strong pitch for the country as a valued investors' destination in the Asia-Pacific region to some 1,500 investors from all over the world, including representatives of the top 300 companies in the region.
In her departure statement this afternoon, the President stressed that "it is imperative that we stay focused on continuing to strengthen our economy through aggressive outreach to investors and to enhance our cooperation with governments in the region like Hong Kong at a time when the Philippine economy is at its strongest in over 30 years."
"As a result of our economic program in the Philippines, we have diversified our economy, built up our foreign reserves, stimulated a surge of foreign investment and made heavy government investments in human and physical infrastructure. We have done all this while having the strongest balance sheet in a generation, including being on the verge of a balanced budget," the President added.
In an interview before boarding the Philippine Airlines (PAL) commercial flight for Hong Kong, Press Secretary and Presidential Spokesman Ignacio R. Bunye said the President will present to the world business leaders the Philippines as the "best value for foreign investments" in the region.
Aside from keynoting the AIC, the President will also meet with the Filipino community in the former Crown Colony, and walk them through several programs designed to protect their remittances from the harsh effects of fluctuating exchange rate and the strengthening peso.
A representative of the Development Bank of the Philippines (DBP) will discuss its Peso Hedging Program, while the Land Bank of the Philippines (LBP) will present its "i-Net Negosyo" program and OFW Cash Card.
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