Duterte urges more Thai traders to invest in PH

President Rodrigo Duterte thanks the chief executive officers (CEOs) of Thailand’s top business groups in a courtesy call during his visit to Bangkok, Thailand on Saturday, June 22, 2019. (Photo from an RTVM video posted on Facebook)

BANGKOK, Thailand — President Rodrigo Duterte thanked some of Thailand’s top businessmen for their investments in the Philippines and invited them to do more business in the country’s new industrial destinations — Metro Manila, Pampanga, Clark, Cebu, Bohol, and Davao.

In a meeting on Saturday with 20 business leaders in Bangkok, the President encouraged them to continue their operations in the Philippines, pointing out that its economy provides a fertile ground for business.

“The Philippines values its economic partnership with Thailand. I am pleased with the current Thai investments in my country and hope they will continue to increase in the years to come,” the President said.

In particular, he thanked Thailand’s Charoen Pokphand Group and the Erawan Group for their investments in the food industry, real estate, and hotel operations in the Philippines.

According to the President, the Philippine economy is on an upswing and the Thai businessmen should take advantage of the opportunity it presents.

Philippine infrastructure is also booming, he noted.

“I invite you to ride on the momentum of [the] Philippine growth story and invest especially in the new industrial destinations of Metro Manila, Pampanga, Clark, Cebu, Bohol, and Davao,” he said.

“The Philippines’ Build, Build, Build is in full swing and you are all welcome to participate,” he added.

He assured them that reforms are underway to foster a better business climate.

“We are making significant headway in transforming the Philippines into a more stable and secure place for investments. With sound macroeconomic policies and ongoing reforms, we guarantee a competitive and corruption-free business climate and a highly skilled and fast learning workforce,” he said.

Economic indicators are also on an uptrend, he added.

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(Editor: Alexander T. Magno)