A diverse array of prominent business personalities, industry experts, and global investors converged at the 2024 International Tax and Investment Conference (ITIC).
Led by ACG Chief Tax Advisor and ITIC lead convenor, Mon Abrea, this landmark event served as an important platform for discussions on economic prospects, regulatory frameworks, and strategic advantages that position the Philippines as a premier destination for international investment.
“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.” shared Senior Economist of the World Bank Philippines, Ralph Van Doorn.
Throughout the conference sessions, esteemed speakers offered unique perspectives and foresight on a spectrum of topics, including tax optimization, regulatory compliance, and investment in the country. With their collective expertise, attendees gathered unparalleled insights into emerging trends, best practices, and innovative solutions on breaking barriers in the digital economy.
This year’s conference boasts an impressive lineup of speakers, headlined by esteemed tax expert and renowned thought leader, Abrea followed by and key representatives from World Bank Philippines, Anti-Red Tape Authority, Securities and Exchange Commission, Philippine Economic Zone Authority, Department of Trade and Industry, Board of Investments, Organization for Economic Co-operation and Development (OECD), and International Tax and Investment Center among others.
During the conference, Abrea also launched his new book “Why Invest in the Philippines? A Guide in Investing and Doing Business in the Philippines”, a comprehensive guide highlighting the myriad benefits of investing in the Philippines across various sectors that can be summarized in one sentence: the Philippines as your next investment destination.
This groundbreaking event serves as a prelude to ACG’s annual international roadshow, beginning in March. During the roadshow, they will travel across 15 different states and countries to discuss the current trend in tax and finance, and promote investing and doing business in the PH. the growing economy of the Philippines.
“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 definitely their investment destination,” added Abrea.
The International Tax and Investment Conference served as a catalyst for collaboration, meaningful and actionable insights, reaffirming the Philippines’ position as a beacon of opportunity in the global investment landscape.
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