Philippine News Agency
PH a reliable partner, PBBM tells German biz leaders
President Ferdinand "Bongbong" Marcos Jr. encouraged German business leaders to invest in the Philippines, assuring them it is a "reliable partner" for market expansion.
He highlighted "purposeful reforms" through key legislations, including the Public Service Act, Foreign Investments Act, Retail Trade and Liberalization Act, and Renewable Energy Act, which allow full foreign ownership in certain sectors.
Marcos also mentioned streamlined business registration, infrastructure development, and the Comprehensive Tax Reform Program, including the CREATE Act, as factors positioning the Philippines as a fast-growing economy.
The President further noted the Maharlika Investment Fund as a testament to the Philippines' commitment to financing priority projects and driving socioeconomic impact.
He stated that the Philippines is an "attractive option" for investment due to these reforms and aims to collaborate with Germany in manufacturing, construction, infrastructure, IT-BPM, innovation, startups, renewable energy, and mineral processing.
The President made these remarks during the Philippine-German Business Forum in Berlin, as part of his two-day working visit.
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