The Philippine Stock Exchange (PSE) and Philippine Dealing System Holdings Corp. (PDSHC) cheered the appointment of former Robinsons Land Corporation President and CEO Frederick D. Go as the investment czar of the Marcos administration.

In a statement, the PSE and PDSHC said their Board of Directors and Management congratulate Go on his appointment as Special Assistant to the President for Investment and Economic Affairs and concurrent Head of the Economic Development Group of the Cabinet.

They added that, “Mr. Go exemplified these traits in his position as President and CEO of a publicly listed company that experienced substantial growth and expansion in the last decade or so. His exposure and involvement in various sectors, including property, air transportation, banking, power, among others, also gives him a unique perspective of vital industries in the country."

They also said that they "express our full trust and support in the leadership of Mr. Go. We hope to work with him on initiatives that will help deepen the Philippine capital market.”

President Ferdinand R. Marcos Jr. said Go brings "a wealth of experience" from more than three decades in the private sector given that he has held positions in the country's biggest corporations.

"If there's one thing that is admirable about the new Secretary, Secretary Go, is that despite him being comfortable in his own life, he knows he can still make a difference to our country," Marcos said.

He noted that, "I trust that his fruitful years across many ventures have sharpened his acumen for the next big opportunity. He will be at the forefront when we take that leap towards economic growth."

Marcos believes that Go has a vision of innovation which will help the Philippines "create an environment that will not just draw in investment but realize, ushering in an era of unprecedented growth across industries."

Go, the Chief Executive added, will ensure the effective integration and implementation of various investments and economic policies of the government.

Marcos further said that Go was chosen for the position because his expertise lies in the realization of investment deals secured by the President in his foreign trips.

"[H]is expertise lies exactly there— in creating an environment that is interchangeable between government and private sector, so as to be able to make these investments real, to make them profitable, and to make them be felt in the everyday lives of ordinary Filipinos," he said.

"I have great confidence in his abilities in that regard simply by looking at his record and seeing the great strides that he has made in all of the different private sector groups that he has been involved with," Marcos stressed.