DAVOS, Switzerland: Businessman Sabin Aboitiz, lead convenor of the Private Sector Advisory Council (PSAC), believed that the Philippines is "the next big thing in Asia," with the structural reforms being initiated by President Ferdinand "Bongbong" Marcos Jr.'s government, coupled with the country's rosy economic prospects.

Aboitiz, president and chief executive officer (CEO) of the Aboitiz Group made the statement as he lauded the President's economic vision for the country, which he said, excites the private sector.

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