Security Bank holds Laguna roadshow
PEZA’s 2023 to 2028 development plan which sets out to streamline regulatory requirements and accelerate job creation was presented.
PEZA’s 2023 to 2028 development plan which sets out to streamline regulatory requirements and accelerate job creation was presented.
Universal lender Security Bank Corp. hosted the South Luzon leg of its 2023 Economic Forum in Laguna, as part of its annual roadshow to provide client with insights on the latest global and domestic economic trends, geopolitical environment, and the 2024 economic outlook.
With the theme "Challenges and Opportunities," the event featured remarks by Eng. Floriano "Nong" Sarmienta of the Laguna Technopark Ecozone, about the Philippine Economic Zone Authority's, or PEZA, current initiatives for investors in the Philippines.
He presented PEZA's 2023 to 2028 development plan which sets out to streamline regulatory requirements and accelerate job creation.
Competitive advantages
He noted the reasons for the Philippines to remain an attractive investment destination: high labor productivity, abundant natural resources, only ASEAN beneficiary country of the EU's GSP+, stable government and economic outlook, quality commercial and residential facilities for investors, growing domestic market, bountiful tourism options and a strategic location in Southeast Asia.
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Other speakers included Lin Li, managing director and head of global markets at Mitsubishi UFG Financial Group, who traveled from Hong Kong to provide economic updates and the 2024 outlook, with a focus on Asia-Pacific.
She predicted that private consumption will continue to improve as economies reopen which will help to offset some weakness in goods exports.
