Philippines to showcase investment opportunities at ASEAN summit
The summit is scheduled for November 16–18, with an opening ceremony on November 15 and regional forums to be convened by President Ferdinand Marcos Jr.
Hosting the 49th ASEAN Summit and Related Summits gives the Philippines a chance to attract investors’ attention, ASEAN Business Advisory Council (BAC) Philippines chairperson Joey Concepcion said on November 12.
Speaking to Super Radyo dzBB, Concepcion said successful hosting would raise the country’s profile among prospective investors. He said the council would meet them to highlight investment opportunities, including in manufacturing and electronics.
The Department of Foreign Affairs has confirmed that world leaders, including US President Donald Trump, are scheduled to attend on November 17. President Ferdinand “Bongbong” Marcos Jr. is also due to convene the 29th ASEAN Plus Three Summit and the 21st East Asia Summit.
Concepcion said such gatherings aim to build partnerships with neighbouring countries. He argued that working together could strengthen economies more effectively than the Philippines acting on its own.
When the Philippines assumed the ASEAN-BAC chairmanship in January, the Philippine government identified stronger trade, investment and Southeast Asian supply chains as priorities.
