'Powerhouse' US biz delegation to visit Manila

Posted at 01/21/13 12:00 PM

MANILA, Philippines -  Top US business executives from Citigroup, Chevron, Coca Cola, General Electric, JP Morgan Chase and Procter & Gamble are expected to visit Manila this week. 

The "powerhouse" delegation, which will be in the country from January 23 to 25, is expected to promote greater trade and investment with the Philippines. 

In a statement, the Philippine Embassy in Washington, D.C. said the delegation is led by the US-Philippines Society, a non-profit organization that helps raise the Philippines' profile in the US.

The US-Philippines Society is co-chaired by Philippine Long Distance Telephone (PLDT) chairman Manuel Pangilinan and former US Ambassador to the Philippines John Negroponte.  

"The delegation will participate in a dynamic program aimed at strengthening ties with political and business leaders, fostering discussion of strategic issues, and promoting business and investment opportunities," said Ambassador Jose L. Cuisia Jr.

Cuisia said the business delegation includes executives of Citigroup, Chevron, Coca Cola, General Electric, JP Morgan Chase, Procter & Gamble, Peregrine Development International, CV Starr & Co., the US Education Finance Group, McLarty & Associates, Federal Express and Spence & Co.

The businessmen will call on President Aquino and Supreme Court Chief Justice Maria Lourdes Sereno. 

They will also participate in a policy forum with Foreign Affairs Secretary Albert del Rosario, Defense Secretary Voltaire Gazmin, Finance Secretary Cesar Purisima and Trade Secretary Gregory Domingo.  The forum will also include Negroponte and two other former ambassadors to Manila, Thomas Hubbard and Richard Murphy, to discuss outlook for policy directions for President Barack Obama's second term.

The business delegation will also have a meeting with US Ambassador Harry Thomas Jr.; as well as a dialogue with business leaders organized by the Makati Business Club; and visit the Global Gateway Logistics City at the Clark Freeport in Pampanga; the Center for International Trade Expositions and Missions of the Department of Trade and Industry; and the Asian Institute of Management.