ASEAN Business Advisory Council Philippines and business leaders met with Malaysian Prime Minister Tun Dr. Mahathir Bin Mohamad yesterday, March 7, 2019 in a bilateral meeting to discuss how to further strengthen the economic relationship between Malaysia and Philippines. PM Mahathir is in the Philippines for an official visit after the invitation of Philippine President Rodrigo Duterte to discuss political, economic and social cooperation between the two countries.
ASEAN Business Advisory Council Philippines Chairman and Presidential Adviser for Entrepreneurship Joey Concepcion first thanked Prime Minister Mahathir for always giving time to meet and support the business sector. Concepcion also thanked him for being instrumental in the peace process.
The discussion revolved around the economic relations of Malaysia and Philippines through infrastructure investments, and exchange of goods and services between the two countries.
ASEAN BAC Philippines Member and Vice Chair of SM Investments Corporation Tessie Sy-Coson opened the discussion on sovereign investment funds. Sandy Prieto-Romualdez, President of Philippine Daily Inquirer asked PM Mahathir on his hopes for ASEAN. The 94-year old leader said that countries’ must have fast economic growth which then will lead to the growth of the region.
The topic on trade and investments was raised by Filinvest Land President and CEO Josephine Gotianun-Yap. PM Mahathir agreed that countries’ must first grow in trade then in investments.
Aside from these topics, PM Mahathir also shared his secrets in maintaining good health despite his age.
Overall, the bilateral meeting became an avenue to hear the Prime Minister’s wisdom on leadership and foreign relationships. Selected members of the economic team of Malaysia also joined the meeting. Other Philippine business leaders who attended include: Manny Villar, Chairman of Vista Land Corporation; Henry Lim Bon Liong, President and CEO of SL Agritech Corporation; Daniel Zuellig, Managing Director of F.E. Zuellig Inc.; Alice Eduardo, President and CEO of Sta. Elena Construction and Development Corporation; Dennis Uy, Chairman and CEO of Udenna Corporation; William Belo, CEO and Founder of Wilcon Depot; Rosalind Wee, Co-founder and Vice Chairman of W Group; Gil Gonzales, Executive Director of ASEAN Business Advisory Council; Ginggay Hontiveros-Malvar, Adviser on Agripreneurship of Go Negosyo; and Josephine Romero, Senior Adviser to the ASEAN Business Advisory Council Philippines Chairman.
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