MANILA, June 2 -- The Philippines will be hosting the Forbes Asia Forum and the Forbes Global CEO Conference in 2024, Malacanang announced on Friday.

This developed after President Ferdinand R. Marcos Jr. met with the senior executives of Forbes Media LCC at Malacanan Palace in Manila on Thursday and agreed to their proposal to hold the forum and the global conference in the fourth quarter of 2024 in the country, Presidential Communications Office (PCO) Secretary Cheloy Garafil said.

"President Ferdinand R. Marcos Jr. has agreed to the Philippines' hosting of the Forbes Asia Forum and the Forbes Global CEO Conference in 2024, as it is expected to result in wider exposure for the country in line with the administration's effort to attrac...