Marcos Jr. encourages US firms to invest in PH economy

President Ferdinand "Bongbong" Marcos Jr. encouraged American businesses to invest in the Philippines, highlighting the nation's strong and adaptable economy.

He told the US business community that the country has improved the ease of doing business, touting policies that have liberalized the Philippines' vibrant economy.

The President emphasized his administration's commitment to further opening the Philippine economy and speeding up post-pandemic recovery efforts.

Marcos expressed confidence in the Philippines' future, citing the economy's resilience and a clear roadmap for economic recovery and sustained growth.

The Philippine economy has seen robust growth and its projected economic performance in the medium term is expected to surpass its regional neighbors.

He is seeking private sector investments in key areas like information technology, business process management, medical products and devices, electric vehicles and batteries, agribusiness, and telecommunication infrastructure and services.

The government has instituted structural reforms that would allow wider participation for businesses, expanding the space for foreign investments, including those in previously protected sectors.