Marcos invites foreign investors to PH economic growth

President Ferdinand R. Marcos Jr. invited foreign investors to participate in the Philippines' "exciting new phase" of economic growth during the World Economic Forum (WEF) Country Roundtable.

He touted the country's economic development and key reforms under his administration, urging investors to take advantage of opportunities in the Philippines.

Marcos highlighted the country's strong GDP growth in 2023, surpassing other ASEAN nations and China, which met and exceeded expectations from organizations like the IMF, ASEAN+3 Macroeconomic Research Office, and the World Bank.

Investments in durable equipment and public construction were significant contributors to the nation's economic expansion last year.

The administration is pursuing 185 flagship infrastructure projects valued at over PHP9 trillion, or approximately $163 billion, across critical sectors.

He also prioritized measures to promote ease of doing business and reforms in corporate income tax and fiscal incentives to attract investments.