A sign of the World Economic Forum is seen during the WEF annual meeting in Davos on January 21, 2025. (Photo by FABRICE COFFRINI / AFP)

MANILA, Philippines — The Philippines aims to foster stronger collaborations with other countries as it participates in the 2025 World Economic Forum (WEF), House of Representatives Speaker Ferdinand Martin Romualdez said on Tuesday.

In a statement, Romualdez said the Philippines remains committed to making deals even if the world still deals with the downsides of conflict.

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The Speaker, along with Finance Secretary Ralph Recto, Trade Secretary Ma. Cristina Roque, and representatives from the private sector, will be part of the Philippine delegation to the WEF.

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“Our participation in WEF 2025 is a testament to the Philippines’ commitment to fostering collaboration, securing investments, and driving inclusive and sustainable development,” Romualdez said during the welcome lunch for the Philippine delegation in Davos, Switzerland.

“Amidst the continued downside risks of fragmentation and conflict, there are still deals to be done and partnerships to be forged and strengthened,” he added.

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According to Romualdez, the delegation’s mission is to build on President Ferdinand Marcos Jr.’s momentum after he participated in the WEF 2023.

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READ: Marcos Jr. presents strength of PH economy at WEF meet in Davos

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Before the WEF 2023, government officials said Marcos would introduce the then-proposed Maharlika Investment Fund (MIF) on the world stage.  In July 2023, Marcos signed Republic Act No. 11954 which created the MIF.

READ: Marcos to ‘soft launch’ Maharlika Wealth fund in 2023 World Economic Forum

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Romualdez also believes that participation in the WEF 2025 is a prelude to the Philippines’ chairmanship of the Association of Southeast Asian Nations (Asean) in 2026.

Also, it will be a chance for the country to exhibit how it champions the private sector’s participation in nation-building.

“Our participation in WEF 2025 serves as a prelude to our Asean leadership, showcasing the Philippines’ capacity to drive innovation, foster digital transformation, and champion climate resilience in the region and beyond,” he said.

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Data released by the BSP on Tuesday showed that personal remittances during the month amounted to USD3.2 billion, up from the USD3.1 billion recorded in August last year.

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Department of Trade and Industry (DTI) Acting Secretary Ma. Cristina Roque said the companies reaffirmed their investment plans in the Philippines during her visit to the United Arab Emirates (UAE) on Oct. 3 to 5.

“Our private sector must continue to champion reform and openness, working hand in hand with the government to spur inclusive and sustainable development,” he added.  “I look forward to strengthening our presence at WEF, building on our strong foundationau777, and forging partnerships that will drive economic growth and sustainability.”

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