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Manila Bulletin devider Philippines devider National devider PH now included in 'VIP Club' for its economic performance 

PH now included in 'VIP Club' for its economic performance 

Published Jan 22, 2023 03:39 pm

The Philippines is now considered by economic leaders as part of the "VIP Club" or among the Southeast Asian countries with the best-performing economies.

President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate)

This was bared by President Ferdinand "Bongbong" Marcos Jr. following his participation in the World Economic Forum (WEF) in Davos, Switzerland last week.

He said the Philippines' participation in the WEF served as an excellent platform to showcase the Philippine economy's strong performance.

“Mabuti naman at nakapunta tayo rito, dahil sa pagpunta natin, nasama tayo sa tinatawag nilang VIP Club... Yung VIP Club ay Vietnam, Indonesia, and Philippines. Yun daw ang pinakamagandang ekonomiya sa Asya (It was good that we were able to go because we were included in what they call VIP Club...The VIP Club is Vietnam, Indonesia, and Philippines. They say these countries have good economies in Asia ,” the President said.

During his Davos trip, the President was able to meet with global leaders at the global forum, with several foreign investors expressing intent to explore business opportunities in the country.

“Napakaganda ng mga naging pangyayari dahil napakarami naming nakilala at nakausap na mga sikat na mga economic leaders at mga political leaders at nandito silang lahat (Good things happened as we were able to meet and talk to economic leaders and political leaders and they were all here)” Marcos said.

The President met with WEF Founder and Chairman Emeritus Klaus Schwab, whom he considers "a dear friend of the Philippines".

The two discussed partnerships and collaboration to help the Philippines sustain equitable and inclusive growth and provide a better quality of life for Filipinos.

The chief executive also had the opportunity to meet and exchange views with several leaders of countries and organizations, such as World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala, World Bank Managing Director for Operations Axel Van Trotsenburg, International Monetary Fund (IMF) Managing Director Kristalina Georgieva, and former United Kingdom Prime Minister Tony Blair.

In his visit to Davos, the President highlighted the administration's policies, including the Philippine Development Plan, the 8-Point Socioeconomic Agenda, and various other policies and legislations that spotlight the economic reforms of the Philippines that have led to its sustained growth.

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