Published date27 May 2022
Publication titleASEAN Tribune

27 May 2022 (Republic of Philippines Department Of Foreign Affairs) To further boost the promotion of the Philippines as a preferred investment destination in Southeast Asia, the Philippine Consulate General in Los Angeles and the Federation of Philippine American Chambers of Commerce (FPACC) jointly held the first Filipino-American led business mixer in Phoenix, Arizona on 20 May 2022. The event was participated in by foreign chambers, Filipino-American and mainstream business owners/executives.

The first part of the event was a hybrid interaction among the guests. The Consulate General and the Office Trade Commissioner Eric Elnar hosted a virtual room, allowing the five participating Filipino companies to interact with in-person guests. Trade Commissioner Elnar served as host for the online mixer.

The second part of the program began with welcome remarks by the President of FPACC, Ms. Marie Cunning. This was followed by a keynote address of Consul General Edgar B. Badajos wherein he provided an overview of the country's economic climate, recently enacted business-friendly legislation, and the top reasons why the Philippines remains a choice investment destination in Asia.

Consul General Badajos emphasized that the Philippine economy is now gradually recovering from the CoViD-19 pandemic, citing that 'the economy grew by 8.3% in the first quarter of 2022. He noted that this growth may be attributed to the continued safe reopening of the economy as the country has been able to strengthen its pandemic mitigation efforts and accelerated its CoviD-19 vaccination program'

'I assure you that the Philippines remains committed to enforce its laws and regulations that are meant to protect foreign investors, and our government continues...

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