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For Immediate Release
November 14, 2006
Contact:
Angeline Thangaperakasam
Manager, Philippines Affairs
(202) 416-6720
angeline@usasean.org
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US Private Sector Shows Commitment to the Philippines
(Manila) A US business delegation from the US-ASEAN Business Council and the US-Philippines Business Council concluded its two day business mission in the Philippines with a strong signal of confidence and support in the country. The mission consisted of 14 representatives from nine companies and was led by Council President Matthew Daley and Robert Driscoll, Senior Vice President of Mirant Corporation and Chairman of US-Philippines Business Council. |
“Our mission is a show of commitment by US businesses in the Philippines. The economy is clearly improving and we’re here to reaffirm our support and explore policies to enhance the competitiveness of the Philippines”, said Matthew Daley.
During the two day mission, delegates met with Ambassador Kristie Kenney, President Gloria Macapagal-Arroyo and her economic team comprising of Finance Secretary Margarito Teves, Trade and Industry Secretary Peter Favila, Energy Secretary Raphael Lotilla, NEDA Director General Romulo Neri, Budget and Management Secretary Rolando Andaya and Deputy Director of Bangko Sentral ng Pilipinas Diwa Guinigundo.
The delegation also met with Senate President Manuel Villar, Senator Ralph Recto and Senator Richard Gordon. A full itinerary of the delegation is attached together with the delegation list.
The Arroyo administration has consistently been pursuing reforms. In the first seven months of this year, Bangko Sentral ng Pilipinas recorded a 60% jump of FDI over the same period of last year. "The purpose of our visit to Manila is to support these reforms and encourage continued progress. Our mission is a timely reaffirmation of the close ties between the US and the Philippines”, said mission co-leader Robert Driscoll.
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The US-ASEAN Business
Council and affiliates are dedicated to strengthening bilateral and US
ASEAN relations and building strong economic and commercial ties. Members
of the Council include Fortune 1000 companies in support of promoting
trade, investment, and technology cooperation, advancing US ASEAN relations
through strong participation in public-private partnerships, and committing
to development and corporate social responsibility. The Council's members
are represented in diverse industries, including aerospace, agribusiness,
automobiles, computers and information technology, consumer goods, energy
exploration and development, express delivery services, financial services,
health care and pharmaceuticals, media & entertainment, mining, software,
and telecommunications.
For information on the US-ASEAN Business Council or general information
visit www.us-asean.org.
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