PHILIPPINE CONSULATE GENERAL

NEW YORK CITY, 14 August 2025 – The Philippine Trade and Investment Center in New York and the Philippine Consulate General in New York, in partnership with the Asian Consulting Group (ACG), hosted a tax and investment briefing and the New York launch of Mon Abrea’s latest book Reimagining the World Without Climate Change on 13 August 2025 at the Philippine Center.

In her welcome remarks, Trade Commissioner Alma F. Argayoso emphasized the Philippines’ strong position as a premier investment destination, highlighting pro-business reforms and active partnerships between the government and the private sector. She also gave an overview of the country’s economic performance, key growth sectors, and recent policy measures designed to create a more competitive and investor-friendly environment.

Consul General Senen T. Mangalile, in his keynote address, underscored that the Philippines’ economic aspirations must go hand in hand with environmental responsibility and sustainable development. Citing the country’s vulnerability to the impacts of climate change, he stressed the urgent need for collective action to safeguard both livelihoods and industries. He also highlighted tourism as a vital contributor to the Philippine economy, noting that its long-term growth depends on keeping destinations safe, sustainable and resilient.

“It is both our responsibility as global citizens and our duty as Filipinos to contribute to building a greener, more sustainable, and more resilient future,” he said. “Having a book like this, and gatherings like this, that allow discussions on building sustainable and resilient economies, is a step towards the right direction.”

In his presentation, Abrea encouraged potential investors to look closely at sectors where the Philippines holds strong competitive advantages, including renewable energy, semiconductors and electronics, digital economy and e-commerce, and sustainable tourism. He added that beyond offering incentives, it is hoped that the Philippines will embed environmental, social and governance (ESG) principles into investment priorities to align economic gains with sustainability goals.

Abrea said that his latest book discusses the adoption of a global carbon tax.  He urged business leaders to integrate climate-conscious practices into their strategies. “The Philippines is not just open for business, it is primed for sustainable investment,” he said, adding that the country’s long-term competitiveness depends on attracting partners who will “invest in ways that benefit both the economy and the environment.”