Phl now part of ‘VIP Club’

The Philippines joins Vietnam and Indonesia in the exclusive club, ahead of Thailand and Singapore

World economic leaders now consider the Philippines as part of the “VIP Club” due to its strong economic performance among Southeast Asian countries, according to President Ferdinand Marcos Jr.

The Chief Executive announced in a video message posted on the Presidential Communications Office’s social media pages on Sunday.

The Philippines joins Vietnam and Indonesia in the exclusive club, ahead of Thailand and Singapore.

“It is good that we went here because we are able to be part of what they called the ‘VIP Club,’” said Marcos who attended the World Economic Forum in Davos, Switzerland last week.

He said he was able to meet with global leaders at the global forum with several foreign investors expressing intent to explore business opportunities in the Philippines.

“A lot of good things happened because we were able to meet and talk to known economic leaders and political leaders as they were all here,” he said.

Among those who met the president during his Davos trip was WEF founder and chairman Emeritus Klaus Schwab, whom he considers “a dear friend of the Philippines.”

Marcos and Schwab discussed partnerships and collaborations to help the Philippines sustain equitable and inclusive growth and provide a better quality of life for Filipinos.

The President also had the opportunity to meet and exchange views with several leaders of countries and organizations, such as World Trade Organization Director-General Ngozi Okonjo-Iweala, World Bank managing director for operations Axel Van Trotsenburg, International Monetary Fund managing director Kristalina Georgieva, and former United Kingdom Prime Minister Tony Blair.

Marcos, who wrapped up his five-day trip to Switzerland on Saturday, reiterated the importance of his WEF participation.

“The process that we undertook really in Davos was not simply to highlight the new situation, the new economic situation, the new policies, and the new concepts that we are promoting in the Philippines today, but also to learn from the world leaders and the world economic leaders what part the Philippines can play in this fragmented world,” he said upon his return.

“That was the main theme in this entire forum. (It) is how we bring back cooperation in a fragmented world. And we are seen to play a part in that and especially as a member state of ASEAN and as a leading economy in Asia,” he added.

During his trip, the chief executive highlighted his administration’s policies, including the Philippine Development Plan, and the 8-point socioeconomic agenda.

Marcos also pitched various other policies and legislations that spotlight the economic reforms of the Philippines that have led to its sustained growth.


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