The Philippine government is actively courting British investors, urging them to take advantage of opportunities in the country’s growing economy.

Finance Secretary Ralph Recto emphasized the Philippines’ potential for high returns during the Philippine Economic Briefing in London on October 31, 2024.

“If you are looking for a place to grow your business and make more money, I’d say: Choose the Philippines. Make it happen in the Philippines. Because there is no other country in the world, at this moment, that holds so much potential to boost your investments,” Recto said.

The Finance chief cited a young, educated workforce and a stable political climate as key investment draws.

The briefing showcased initiatives such as the new Public-Private Partnership Code, the Philippine Digital Infrastructure Project, the National Broadband Program, and the anticipated enactment of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) law, highlighting the government’s efforts to improve the business environment.

Notable Filipino business leaders, namely, Vista Land and Lifescapes Inc. chairman Manny Villar, Converge ICT chief executive Dennis Uy, and Globe Telecom chief financial officer Carlos Puno, participated, seeking to forge partnerships with British firms.

Meanwhile, key economic officials, led by Special Assistant to the President for Investment and Economic Affairs Frederick Go, together with Energy Secretary Raphael Lotilla, Bases Conversion and Development Authority president and CEO Joshua Bingcang, Philippine Economic Zone Authority Director-General Tereso Panga; Clark Development Corporation president and CEO Agnes Devanadera, and Land Bank of the Philippines president and CEO Ma. Lynette Ortiz, discussed innovations for future growth.