President Marcos believes he has accomplished his mission to put the Philippines on global investors’ radar via the WEF platform as he justified bringing along a large delegation to the weeklong convention. | Philbizwatcher /PDI
His team has described this WEF participation — the first for a Philippine head of state in 10 years — a timely showcase of the Philippine growth story which, at an estimated pace of 6.5 percent to 7 percent this year, would be the fastest in Southeast Asia. This is in stark contrast to the looming global recession this year.
Big business tycoons showed up in Davos to support Marcos, namely, Ramon Ang, Sabin Aboitiz, Jaime Augusto Zobel de Ayala, Lance Gokongwei, Enrique Razon Jr., Teresita Sy-Coson, Kevin Tan and Manuel Pangilinan. Of the 18 core delegates, 11 were registered as “public figures.” There is no available estimate on the number of security and support staff.
The Philippines’ WEF delegation is as big as that of the United Arab Emirates. Overall, the United States had the biggest team with 20 representatives.
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