Business figures, industry experts, and global investors gathered at the 2024 International Tax and Investment Conference (ITIC) to explore the economic landscape and investment potential of the Philippines.
Spearheaded by Mon Abrea, chief tax advisor of ACG and lead convenor of ITIC, the event facilitated discussions on economic prospects, regulatory frameworks, and strategic advantages, solidifying the Philippines’ status as a premier investment destination.
ACG is a tax hub that provides strategic and technology-driven solutions to businesses of all sizes.
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The conference featured a diverse lineup of speakers who shared insights on topics ranging from tax optimization to regulatory compliance. Attendees gained valuable perspectives on emerging trends and innovative solutions, particularly in navigating the digital economy.
Investment opportunities
“The Philippine’s economy showed resilience despite a global showdown and grew by 5.5 percent in the first three quarters of 2023, faster than peer countries in the region,” said Ralph Van Doorn, senior economist of the World Bank Philippines.
With notable speakers including Abrea and representatives from various government agencies and international organizations, the conference emphasized the Philippines’ attractiveness for investment across sectors.
Abrea also unveiled his comprehensive guidebook, “Why Invest in the Philippines? A Guide in Investing and Doing Business in the Philippines,” showcasing the country’s investment opportunities.
“The economic data are very clear and with all the tax incentives and the ease of doing business initiatives of the government, and the inflows of foreign direct investments from one of the few largest economies, I think it is a clear sign that the Philippines is their investment destination,” Abrea said.
The event marked the beginning of ACG’s international roadshow, promoting investment in the Philippines across 15 states and countries. As a catalyst for collaboration and actionable insights, the ITIC reaffirmed the Philippines’ position as a beacon of opportunity in the global investment landscape.