FFCCCII supports Frederick Go appointment

MANILA, Philippines — The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) supports President Marcos’ strategic appointment of Frederick Go as the presidential adviser on investment and economic affairs, viewing it as a pivotal step towards fostering increased domestic and foreign investments for the Philippine economy.

Cecilio Pedro, president of FFCCCII, voiced his support for Mr. Go, stating: “We at FFCCCII support President Marcos’ appointment due to his 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. It is noteworthy that Go’s late uncle, the revered industrial icon and philanthropist John Gokongwei, Jr., held the esteemed position of FFCCCII honorary executive adviser.”

Pedro further articulated the business sector’s hope: “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.”

Pedro underscores the government’s acknowledgment of the pivotal role played by the private business sector, especially in the face of current global economic uncertainties. The selection of Go is perceived by FFCCCII as a testament to the government’s commitment to prioritizing private enterprise in navigating the intricate challenges of the economic environment.

Looking ahead to the new year, Pedro said “FFCCCII welcomes 2024 with cautious optimism, coinciding with the auspicious ‘Year of the Dragon” commencing on Feb. 10, the Chinese Lunar New Year.

Pedro added that “March 2024 also marks the 70th anniversary of FFCCCII.