Dominguez pitches ‘hardworking’ millennials for foreign firms to invest in PH
Any company looking for a young and smart workforce will find it here.
Finance Secretary Carlos Dominguez III went to lure Chinese investors to place their bets on the Philippines by dangling the country’s stable policies, improving business environment, and its young population.
The Cabinet officials branded the Philippines as the next big thing for investments during the government’s roadshow in Shanghai, China, saying that the local environment has proven to be very conducive for good business and returns.
“We have stable policies, we honor our contracts, and we have a young, growing population getting richer and very hardworking,” Dominguez told Chinese business leaders at the forum organized by the Bank of China.
Leveraging on the Duterte administration’s warmer ties with Beijing, Dominguez said Chinese companies will find lots of opportunities to grow in the Philippines, especially with young and dynamic workers who can deliver.
Dominguez said the country is enjoying a “demographic sweet spot,” where millions of “young, smart, hardworking Filipinos” are able to work. This reverses the place of neighboring Asian economies whose populations have been aging.