InterAksyon, 22 October 2014
Darwin G. Amojelar
MANILA – The Aquino administration’s economic officials are returning to the U.S. this week to make another pitch for investment opportunities in the Philippines.
The Philippine delegation will include Finance Secretary Cesar Purisima, National Treasurer Rosalia de Leon, and Bangko Sentral ng Pilipinas (BSP) Assistant Governor Ma. Cyd Tuaño-Amador.
The non-deal roadshow will run from October 22 to 28 and will cover Los Angeles, Boston, New York, and Philadelphia. Global banks Citi, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Standard Chartered Bank, and UBS are assisting the Philippine government in the roadshow.
This week’s roadshow comes a month after President Benigno Aquino III went on a state visit to the U.S. to talk up Philippine economic prospects, among others, with some of his economic managers in tow.
Some of them early this month went on a similar trip to Japan to drum up interest in the Aquino administration’s public private partnership (PPP) program.
“The Philippines is poised to remain a bright spot. Updating investors offshore on the country’s economic outlook is a prudent exercise as it helps keep appetite for our government securities,” Purisima said in a statement.
