Manila Bulletin
Marcos admin energizes efforts to promote PH as top investment spot for US biz
President Ferdinand Marcos Jr. is positioning the Philippines as Asia's leading investment hub, encouraging US investors to explore the nation's opportunities during an economic briefing in San Francisco.
He assured investors of a favorable business environment and the administration's commitment to high-value investments, highlighting anticipated influxes in strategic sectors.
This is bolstered by amendments to the Public Service Act, Foreign Investments Act, Retail Trade Liberalization Act, and the Renewable Energy Act.
Reforms to the fiscal incentives structure through the CREATE Act aim to attract domestic and global firms.
Finance Secretary Benjamin E. Diokno showcased the Philippines as one of the fastest-growing countries in the ASEAN region.
Diokno also discussed the Philippines' Medium-Term Fiscal Framework (MTFF) and the Maharlika Investment Fund (MIF).
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President Ferdinand "Bongbong" Marcos Jr. secured $672.3 million (P37.17 billion) in investment pledges during his visit to the United States.
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