Latest news with #FFCCCII
South China Morning Post
8 hours ago
- Business
- South China Morning Post
Philippines' Marcos softens stance amid economic pressures but will China bite?
President Ferdinand Marcos Jnr 's recent call to Filipino-Chinese businessmen to boost Manila's bilateral ties with Beijing has raised the possibility that the Philippine leader is softening his stance on China. However, while the president's sudden pivot could signal a recalibration of his approach, observers say the move is unlikely to yield any results in the near term because of his earlier hardline policy, including a statement earlier this month by his defence chief at a major security summit in Singapore. At an oath-taking ceremony of 265 newly elected officers of the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc (FFCCCII) at the group's office in Manila on Tuesday, Marcos urged business leaders to promote the country as a 'dependable economic partner' to China 'You are uniquely positioned to help deepen our international partnerships, particularly, of course, with China. Stronger ties mean better trade, greater investments, and enhanced collaboration,' the president said. 'Our story is shaped not just by treaties or official documents, but by consistent cooperation: relief efforts in times of crisis, educational initiatives, cultural exchanges and economic ventures.' Marcos (right) and his family lead Independence Day flag-raising and wreath-laying rites at the Jose Rizal monument on Thursday. Photo: EPA-EFE Wilson Lee Flores, a political-economic analyst and honorary chairman of the Anvil Business Club in Manila who attended the event, said traders were surprised by the president's tone.
GMA Network
2 days ago
- Business
- GMA Network
Marcos to FFCCCII officers: Help steer PH businesses
President Ferdinand ''Bongbong'' Marcos Jr. on Tuesday called on the newly elected officials of the Federation of Filipino-Chinese Chamber of Commerce and Industry, Inc. to help steer businesses, making the Philippines a dependable partner for economic growth. ''You are uniquely positioned to help deepen our international partnerships, particularly, of course, with China. Stronger ties mean better trade, greater investments, and enhanced collaboration. Use your platform to showcase the Philippines as a dependable partner for economic growth,'' Marcos said in his speech after administering the oath of office of new officials. ''So, as you embark on this new chapter, know that you do not walk alone. This government stands with you,'' Marcos added. He emphasized that the Philippines is open for business and partnerships that uplift lives and transform communities. ''I challenge you now to lead with clarity. Steer our industries towards innovative strategies that are globally competitive, sustainable, and ready for the future,'' Marcos said. ''But your leadership should not only focus on large enterprises. It is just as crucial that you empower small and medium-sized businesses. By uplifting them, you are also uplifting the entire economy and the entire nation,'' he added. Marcos acknowledged that the FFCCCII has been a reliable foundation ''for bridging differences between communities, laying the groundwork of growth, and harnessing the strength of collective action.'' He said the group has been supportive of commerce, education, and countless civic initiatives. Through the group's dedication, the Chinese-Filipino heritage has become an essential thread in the fabric of our national identity, Marcos said. —RF, GMA Integrated News
