The 8-Point Socioeconomic Agenda of PBBM Administration and the World Economic Forum 2023

Last January 27, 2023, President Ferdinand “Bongbong” Marcos Jr. signed the Executive Order No. 14
approving and adopting the Philippine Development Plan (PDP) for the year 2023 – 2028 which aims to
bring back the country to a high-growth path and enable the economic and social transformation for a
strong, broad and well-off society. It is said that the basis of the Philippine Development Plan is the 8-
Point Socioeconomic Agenda of the PBBM Administration which focuses in creating more jobs to the
Filipino people, by means of investing in infrastructure, human capital development, and digital
economy, in order to reduce poverty while addressing other issues such as rising prices of goods and
services, issues brought by the COVID 19 pandemic and economic productivity.

The 8-Point Socioeconomic Agenda of the administration focuses on ensuring food security and reducing
the energy, transport, and logistic costs in order to ensure that the Filipino family could access these
needs. Next focus is to address the issues and concerns brought by the COVID 19 pandemic by
improving the healthcare system of the country and taking the negative effects of it positively in order
to create new policies and programs that is beneficial to the system. Another is by creating more jobs,
quality jobs, and green jobs by means of investments, infrastructures and energy security. This also
focuses on the upholding of public order and safety, peace, and security. Lastly, is to ensure a
comprehensive economic fundamental by means of improving the bureaucratic efficiency and fiscal
management. Then again, all of this will be much more possible or attainable if all sectors will do their
part to sustain an inclusive and resilient growth during the period or term of the present administration.

On January 15-21, 2023, the World Economic Forum was held in Davos, Switzerland with a mission to
improve the state of the world by engaging business, political, academic and other leaders of the society
to shape global, regional, and industry agendas in which was participated by our chief executive officer
wherein PBBM showcased the Philippine economy’s strong recovery and performance. The President
meet with global leaders and foreign investors that are expressing their intent to do business in the
Philippines. As the theme of the forum is “Cooperation in the Fragmented World”, PBBM showcased
how the Philippines could play its part, especially as a member of the ASEAN country, as being the
leading economy in Asia. The President highlighted its administration policies, which includes the
Philippine Development Plan, the 8-point Socioeconomic Agenda, and various other policies and
legislations that spotlight the economic reforms of the Philippines that have led to its sustained growth.
As the forum concluded, foreign investments by foreign investors have improved, build, and sustain
their confidence, key partnerships are forged to support developmental program and achieved promises
in the increased level of cooperation with various countries around the world. The President of the
World Economic Forum lauded the Philippines for its high gross domestic (GDP) growth, surpassing
other countries in Southeast Asia.
References:

https://newsinfo.inquirer.net/1635258/bongbong-marcos-team-presents-8-point-economic-agenda

https://pia.gov.ph/news/2022/12/28/gaa-2023-starting-point-for-marcos-jr-administrations-8-point-
socioeconomic-agenda

https://governance.neda.gov.ph/marcos-jr-signs-philippine-development-plan-for-2023-2028/

https://pco.gov.ph/news_releases/pbbm-ph-now-part-of-vip-club-given-its-strong-economic-
performance-among-sea-countries/

https://pco.gov.ph/news_releases/pbbm-ph-leading-economic-recovery-driving-growth-in-asia-pacific-
whole-world/

https://pco.gov.ph/news_releases/pbbm-reports-productive-trip-to-switzerland-for-wef-annual-
meeting/

https://pco.gov.ph/news_releases/wef-cites-ph-as-one-of-best-performing-economies-in-asean/