PBBM showcases strong PH economy in San Francisco
President Ferdinand R. Marcos Jr., together with the country’s economic team, will showcase the strong Philippine economy which grew to 5.9 percent in the third quarter of 2023, during the Philippine Economic Briefing (PEB) in San Francisco, California on November 15 (PST).
This is in line with the administration’s goal of securing an inclusive and
sustainable economy, following the themes of the 30th Asia-Pacific Economic
Cooperation (APEC) Leaders’ Summit to be attended by the President.
This is the fourth PEB of the PBBM administration in the United States of
America, following the successful runs in Europe, Singapore, Japan, Canada, and
the Middle East.
Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman will
present the priority expenditures for next year in line with the Philippine
Development Plan 2023-2028, as well as key budget reforms.
Secretary Pangandaman will join Department of Finance (DOF) Secretary Benjamin
E. Diokno, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr., and
National Economic and Development Authority (NEDA) Secretary Arsenio M.
Balisacan in the panel discussion titled “The Philippine Economic Development:
Charting the Course to the Future,” to be moderated by DBM Undersecretary
Margaux V. Salcedo and Michael Paulus, Managing Director in Asia of Citigroup.
Other secretaries of the Economic Development Group (EDG) will also take part in
moderated panel discussions on the “Transformation of the Philippine Landscape
through the Build-Better-More Program” and “Advancing the Future with lndustry,
Technology, and lnnovation.”
The economic team will likewise engage in small group meetings with various
banks, financial institutions, and other prospective investors from the U.S.
The PEB is co-organized by the BSP, DOF, Philippine Consulate General in San
Francisco, Philippine Embassy in Washington, DC, the Philippine Trade and
Investment Center San Francisco, Bank of America, Citi, DBS/ICCP, Deutsche
Bank, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Standard Chartered Bank,
UBS, and other partners. (DBM/PIA-Caraga)
