Ayala exec urges US investors to tap PH economic growth

Ayala Corporation Chairman Jaime Augusto Zobel de Ayala is encouraging US investors to capitalize on the Philippines' significant economic growth potential, despite global uncertainties.

Speaking as Co-Chair of the US-Philippines Society (USPS), Zobel highlighted the country's current economic trajectory and its readiness for substantial foreign partnerships and investments.

He noted that while the Philippines has achieved a respectable six percent growth, an eight percent or higher sustained rate is achievable through better alignment between the government and private sectors.

Zobel asserted that the Philippine economy could reach USD855 billion in the next 10 years.

This growth is possible through liberalizing foreign investment policies in retail, infrastructure, and strategic industries, as well as incentives for high-value sectors such as technology, renewable energy, and advanced manufacturing.

He expressed the optimism of the Philippine business community regarding the country's growth prospects, which remain strong even amidst a volatile global landscape.