PEZA: Marcos' foreign trips boost investor confidence

The Philippine Economic Zone Authority (PEZA) believes President Ferdinand R. Marcos Jr.'s foreign trips bolster investor confidence and enhance the Philippines' image as an investment hub.

PEZA Deputy Director General Aleem Siddiqui Guiapal stated that the President's presence abroad strengthens the confidence of both local and foreign investors in establishing or expanding their operations in the Philippines.

The upcoming state visits to the United States, the United Kingdom, and Indonesia from April 30 to May 11 are seen as a demonstration of political will and commitment to address issues.

Guiapal highlighted that the positive imaging created by the Chief Executive's foreign visits is crucial in attracting global market attention.

He added that with Marcos' visit to the United States, the Philippines will send a message to American investors of cohesion and a holistic approach.

Guiapal also said that investors look at the country's ease of doing business, which the administration is trying to address through policies.

He cited data from the last quarter of 2022, in which PEZA garnered $10.5 million (around P571 million) worth of foreign direct investments from the US.