The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) said Monday it supports President Ferdinand Marcos Jr.’s appointment of Frederick Go as the presidential adviser on investment and economic affairs, as it is a pivotal step towards fostering increased domestic and foreign investments in the Philippines.
FFCCCII president Cecilio Pedro said the group supports Go’s appointment because of the latter’s proven competence, leadership and commendable track record as a dynamic businessman who played a key role in building a robust business.
His application of a private sector viewpoint can expedite Philippine development, particularly in attracting manufacturing investments, Pedro said.
Go’s late uncle, industrialist and philanthropist John Gokongwei Jr. was an FFCCCII honorary executive adviser.
“We hope to reiterate the urgent request of the business sector for the government to pursue peaceful relations with our neighbors, ensuring a conducive environment for investments to continue flowing into our country,” said Pedro.
He said the government acknowledged the pivotal role played by the private business sector in the face of global economic uncertainties. FFCCCII said the selection of Go is a testament to the government’s commitment to prioritizing private enterprise in navigating the intricate challenges of the economic environment.
FFCCCII said the establishment of a dedicated advisory office under Go’s stewardship is an additional avenue for effective communication between the national government and the private sector, facilitating the resolution of pertinent issues.
“FFCCCII welcomes 2024 with cautious optimism, coinciding with the auspicious ‘Year of the Dragon’ commencing on Feb 10, the Chinese Lunar New Year. Let us focus on unity, stability, continuous reforms, working for peace with all our neighboring countries in order to attract more foreign direct investments and tourists,” said Pedro.
“March 2024 also marks the 70th anniversary of FFCCCII, and this dynamic nationwide business umbrella, encompassing 170 Filipino Chinese chambers of commerce and diverse business associations, reaffirms our dedication dedicated to progressive economic advocacies and philanthropic endeavors, he said.
“We at FFCCCII view the appointment of Frederick Go as a proactive approach towards fortifying the symbiotic relationship and partnership between the private sector and the government, working collaboratively for robust, inclusive and sustainable Philippine economic growth,” said Pedro.