World Economic Forum with Pres. Marcos Jr. to represent the PH about pledge investments; PH became VIP member

WORLD - Insights from Davos 2023 into a new investment narrative as the war in Ukraine, China's reopening, the energy crisis, climate change and de-globalization dominated discussions around inflation and interest rates.

From the United States to Europe, energy security and decarbonization are changing the investment narrative, although the landscape of energy transition remains messy.

Concern remains over whether central bank intervention will be in step with economic growth without risking a recession based on weforum.org.

The Inflation Reduction Act (IRA), which incentivizes clean energy, was one of the most discussed topics at the annual meeting this year. 

 

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The Philippines was part of the “VIP Club” at the World Economic Forum (WEF) in Davos, Switzerland, said Marcos Jr. on Sunday. He has accomplished his mission at the World Economic Forum annual meeting.

President Ferdinand Marcos Jr. has announced new investment pledges for the Philippines following his six-day trip to Switzerland for the World Economic Forum (WEF), where he met top business executives and fellow world leaders.

"The business meetings held promise of new investments in many of our economic sectors including mining, processing, digital solutions, logistics, telecommunications, renewable fuel, amongst others, and will enable our companies to participate deeper in global value chains," said Marcos, who returned to Manila Saturday afternoon. In his arrival speech, Marcos said the engagement has enabled WEF attendees to receive the "good news" on the Philippines' economic situation. He claimed that the country is leading in economic recovery and performance "not only in the Asia-Pacific, but also in the world."

 

The World Economic Forum brings together decision-makers from across society to work on projects and initiatives that make a real difference.