JAZA, EKR, RSA, Sabin Aboitiz, Hans Sy join Marcos in NY for biz pitch

Some of the country’s wealthiest persons and heads of largest conglomerates flew to New York City to join President Ferdinand Marcos Jr. in pitching the Philippines as an attractive investment destination.

It was a full roster of bilyonaryos led by Aboitiz Group president and CEO Sabin Aboitiz, International Container Terminal Services Inc. Chairman and President Enrique Razon, Metro Pacific Corp. Chairman and President Manny Pangilinan; San Miguel Corp. President and CEO Ramon Ang, Ayala Corp. Chairman Jaime Augusto Zobel de Ayala, SM Prime Holdings Director Hans Sy, JG Summit Holdings Inc. President and CEO Lance Gokongwei, and Magsaysay Group President and CEO Doris Ho.

ALSO READ : Wall Street investors cheer Bongbong Marcos as he rings NYSE bell

Also part of the trip were Jollibee Foods Corp. Chairman Tony Tan Caktiong, Converge ICT founder and CEO Dennis Anthony Uy, Top Frontier Investment Holdings chairman Iñigo Zobel, Century Properties CEO Jose E.B. Antonio, Alliance Global CEO Kevin Tan, and Philippine Transmarine Carriers (PTC) Group of Companies CEO Gerardo A. Borromeo.

“We are here today to support our President in his genuine efforts to revitalize this relationship and remind you of our total commitment to it,” Aboitiz said in his speech at the New York Economic Forum held at the New York Stock Exchange.

“We are here to underscore his efforts to assure you of the integrity, stability, and solidarity of his administration and of the Philippine economic system, which is not without wounds, but neither without the determination to heal them — and to unlock the massive economic potential our country has to offer, with the help of good friends like you,” added Aboitiz, the chair of Malacañang’s Private Sector Advisory Council.

Aboitiz said the Philippines is “back on that fast track” as a growing economy, especially as the world slowly recovers from the COVID-19 pandemic.

“Now more than ever, with the dawn of a new era of digital progress, and an environment that has never been more enabling and conducive for business, the Philippines is ripe and open for investment,” he said.

Aboitiz likewise vouched for Marcos Jr’s leadership style, crediting him for the ability to “bring together the best minds in business, use them to find real solutions to real problems, and then immediately implement them like he was flipping a switch.”

Marcos is in US for a six-day trip. He is set to speak at the 77th Session of the United Nations General Assembly (UNGA).

DOE raises RE utilization percentage for on-grid areas

The Department of Energy (DOE) has increased the percentage of the utilization of renewable energy for on-grid areas from one percent to 2.52 percent in line with the administration’s goal of transitioning towards a sustainable and clean energy future.

DOE raises RE utilization percentage for on-grid areas

The Department of Energy (DOE) has increased the percentage of the utilization of renewable energy for on-grid areas from one percent to 2.52 percent in line with the administration’s goal of transitioning towards a sustainable and clean energy future.

DOE raises RE utilization percentage for on-grid areas

The Department of Energy (DOE) has increased the percentage of the utilization of renewable energy for on-grid areas from one percent to 2.52 percent in line with the administration’s goal of transitioning towards a sustainable and clean energy future.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.