President Ferdinand ''Bongbong'' Marcos Jr. on Wednesday highlighted two significant economic corridors between the Philippines and Brunei as these help in the development of small and medium enterprises.
''I am pleased to highlight that the Philippines and Brunei are particularly focused on two key economic corridors: the West Borneo Economic Corridor, encompassing Brunei Darussalam, and the Greater Sulu-Sulawesi Corridor, covering Palawan and parts of Mindanao,'' Marcos said in his speech during the Philippine Business Forum.
''These corridors are strategically designed to integrate production with supply chains, offering abundant opportunities for SMEs to flourish,'' he added.
Marcos made a commitment that his administration stands firm in strengthening the business relations between the Philippines and Brunei Darussalam.
''Our partnership is a symbol of the shared aspiration to foster economic growth and shape a more vibrant ASEAN community. Our trade and investment policy frameworks, established through [the] ASEAN and RCEP, are fundamental to our agenda for regional economic integration,'' Marcos said.
''I am optimistic that these efforts will be further supported by additional policy measures designed to strengthen our supply chain integration and boost foreign direct investment,'' he added.
Marcos then called on business leaders in Brunei to seriously consider the Philippines as a prime investment country.
“I enjoin the business leaders of Brunei to seriously consider the Philippines as your prime investment destination,” Marcos said.
Source:gmanetwork
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<p>Time: 2024 By: Ministry of Industry and Trade</p>
