PBBM's US trip yields investment pledges

President Ferdinand Marcos Jr's recent trip to the United States was hailed as a 'resounding success' by private sector leaders who accompanied him, citing prospects of new investments to boost economic recovery.

Sabin Aboitiz, head of the Private Sector Advisory Council and CEO of Aboitiz Equity Ventures, described Marcos as a 'true statesman' who represented the Philippines with pride, diplomacy, professionalism, and an honest intention to strengthen US partnership.

The delegation attended an economic forum at the New York Stock Exchange where Marcos encouraged the American business community to invest in key economic sectors in the Philippines, highlighting improvements in ease of doing business policies.

Marcos highlighted the Philippine economy’s robust growth since last year and its return to the path toward upper middle-income country status within the next few years.

The private sector delegation included Jaime Augusto Zobel de Ayala of Ayala Corp., Ramon S. Ang of San Miguel Corp., and Lance Y. Gokongwei of Cebu Pacific Air, Inc.

Aboitiz emphasized the mission's success in strengthening US-Philippine partnerships and securing commitments to directly invest in the Philippine economy, reflecting positive sentiments from Americans during the visit.