Tuesday, October 6, 2009

Investors roadshow highlights RP 'economic growth' story

NEW YORK - The Philippines' "economic growth" story took centerstage in the recently concluded Philippine Investors Roadshow in Boston and New York City, according to the Philippine Consulate General in New York.
Representatives of various financial and investment companies, fund managers, and rating agencies in the US reportedly met with Philippine finance officals, led by Finance Secretary Margarito Teves for a briefing on recent developments in the Philippine monetary, banking, financial and fiscal sectors.
Jose Ibazeta, president of the Power Sector Assets and Liabilities Management Corp. (PSALM), also discussed the progress in the privatization of the power sector in the Philippines.
The PCGNY said in a release that US that the Philippine team also discussed short- and medium-term outlooks for the Philippine economy and gave assurances that the Philippines continues to be an attractive investment destination.

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