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‘PH team gains crucial inroads for investments in WEF meeting’

Speaker Martin Romualdez
Maricel Cruz

Speaker Martin Romualdez said the Philippine delegation to the 2024 World Economic Forum meeting made significant strides in promoting global awareness of the Maharlika Investment Fund and bolstering the country’s competitiveness in attracting foreign investments.

“I am grateful for the invaluable contributions of each member of the Philippine delegation to this year’s WEF meet which enabled us to make significant inroads in focusing international attention on the MIF and the bright prospects for investing in the Philippines,” said Romualdez, head of the country’s delegation to the WEF meeting in Davos, Switzerland.

Other key members of the PH delegation to the WEF 2024 include Maharlika Investment Corporation CEO Rafael Consing Jr., Bangko Sentral ng Pilipinas Governor Eli Remolona, and Energy Secretary Raphael Lotilla.

“The interest in the MIF and the Philippines we have generated through our various engagements in the forum augurs well for the success of the WEF CEO Roundtable that President Ferdinand Marcos Jr. will host in Manila on March 18-19,” he added.

The event hopes to welcome more than 50 representatives both from local and international companies and organizations with a special focus on foreign funds and investment companies interested in exploring opportunities related to the MIF.

Romualdez also credited the crucial support provided by World Trade Organization (WTO) Permanent Representative Ambassador Manuel A.J. Teehankee and the Philippine Embassy in Switzerland headed by Ambassador Bernard Faustino Dy for the gains achieved by the PH delegation.

Romualdez had meetings and interactions with fellow political leaders such as Eric Nussbaumer, President of the National Council (Parliament) of Switzerland, as well as with Vietnam Prime Minister Pham Minh Chinh.

He also had engagements with several leading sovereign wealth fund managers like Israfil Mamadov, Chief Executive Officer at the State Oil Fund of the Republic of Azerbaijan (SOFAZ), and Lim Boon Heng, chairman of Singapore state investment firm Temasek Holdings Limited.

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