NDC’s Antonilo Mauricio shares goals for Philippine Innovation Hub [Video]

The Philippines is “still one of the best-performing economies in Asia,” said the National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan in a press briefing for the fourth quarter performance of the Philippine economy on January 31.

The Southeast Asian country’s economy grew by 5.6% in the fourth quarter of 2023, although it didn’t reach Ferdinand “Bongbong” Marcos Jr. administration’s target of 6-7%. Still, this news makes the Philippines a prime market for global investment.

Last year, local and foreign investors attended the Digital Pilipinas Festival 2023 to build their network and see if the budding startup space in the Philippines is worth investing in. Among them was Usec. Antonilo Mauricio, general manager of the state investment arm of the Philippines government, the National Development Company (NDC).

The NDC is the oldest government-owned and controlled corporation; it has been around since 1919, pursuing different investment ventures in areas such as industrial, agricultural, and mining sectors. Mauricio said the …