An economist has clarified that the trip of President Ferdinand Marcos Jr. to Davos, Switzerland for the WEF would be important in boosting the country’s economy. | GabrielLaluINQ
“For example, if President BBM [Bongbong Marcos] talks to the world leaders and asks how they started their own Sovereign Wealth Funds, and with these discussions, the President learns something, he can pick up new information on starting our own SWF,” Batu added.
According to the Kilusang Magbubukid ng Pilipinas , Marcos should expect to face the public’s wrath, given that prices of food products have skyrocketed while he makes these foreign trips.Progressive groups storm DA office over rising inflation, Marcos foreign tripsBut Batu explained that there is more to the President’s foreign trips than just traveling, noting that the working visits can mean more business opportunities from tourism, exportation, and other business endeavors.
“Of course they can also promote the country as a tourist destination, and of course, the President already mentioned that there would be a soft launch of the Maharlika Investment Fund,” he added.
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