Marcos Jr. urges businesses to invest in PH, especially agriculture

President Ferdinand Marcos Jr. urged local and foreign businesses to invest in the Philippines, with a particular emphasis on the agriculture sector during his fourth State of the Nation Address.

While he also mentioned potential growth areas like automobile manufacturing, construction, and the textile industry, Marcos specifically called on businessmen to invest in agriculture.

He assured the international business community that "the Philippines is ready" for their investments.

This call comes amidst challenges in the agriculture sector, including years of neglect in infrastructure and mechanization, declining investments, high logistics costs, land ownership issues, and weak policy implementation.

To support the sector, the government is providing continued subsidies for rice, amending the coconut trust fund law, inoculating hogs against African swine fever, and developing seeds.