20 April 2023 (Chicago) – A delegation from the Philippines participated in a virtual economic briefing for students, faculty and alumni of Loyola University Chicago on 18 April 2023.
The briefing was organized by the Loyola University International Business Society (IBS) and Center for International Business, under the supervision of Professor Mine Cinar and the leadership of IBS President Isabella Kifer, with the assistance of the Philippine Consulate General in Chicago and the Philippine Trade and Investment Center in New York.
Consul General J. Susana V. Paez stated that as part of its mandate of promoting economic and cultural diplomacy, the Philippine Consulate General sought to engage more actively with academic institutions to promote Philippine economic and cultural development, explore areas of cooperation, and share information for research and development purposes. She discussed the deep, longstanding economic relations between the Philippines and the US, particularly its Midwestern region.
Department of Trade and Industry Undersecretary Competitiveness and Innovation Dr. Rafaelita M. Aldaba shared the Philippines’ rapid post-pandemic economic growth, investment priority sectors, and enhanced incentives and openness to foreign equity participation. Department of Information and Communications Technology Director Emmylou Delfin discussed the Philippines’ digital transformation and infrastructure upgrades. Healthcare Information Management Association of the Philippines President Vincent Remo relayed the significant contribution of the IT-BPM sector to the Philippine economy, and the higher value-adding services the county is now capable of providing to global clients, particularly the comprehensive offerings in healthcare information management.
As Professor Mine was interested in visiting the Philippines for tourism purposes, Consul General Paez also invited the participants to the Very Important Pinoy (VIP) Tour in July.
Forty-eight (48) participants - mostly students, with some faculty and alumni – participated in the briefing. They actively engaged the speakers during the open forum on a host of topics, from the Philippines’ digital capabilities to career advice. Trade Commissioner Benedict Uy also joined the speakers in responding to the questions.
Professor Cinar appreciated the comprehensive information shared, including the Philippines’ “new and outstanding path to economic development”. Consul General Paez and the delegation looked forward to continuing collaboration with Loyola University. END