Marcos invites ASEAN investors to explore Philippine opportunities

During the ASEAN Business and Investment Summit on Wednesday, President Ferdinand 'Bongbong' Marcos Jr. invited Southeast Asian investors to explore investment opportunities across multiple industries in the Philippines.

Marcos emphasized that the country is pursuing aggressive development in sectors such as infrastructure, manufacturing, agriculture, and digital connectivity, targeting specific industries like green metals, battery manufacturing, energy equipment, data centers, and agribusiness.

In his keynote speech, he highlighted key policy reforms enacted by his administration, including the Public-Private Partnership (PPP) Code, the Internet Transactions Act, and Executive Order No. 18 series of 2023, as well as new measures like the Green Lanes for Strategic Investments to support these goals.

The President also mentioned the importance of the chemicals industry, which supports numerous other sectors such as agriculture, automotive, cement, construction, health, and pharmaceuticals.

Marcos noted that his administration is pursuing the enactment of key legislations such as the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act to further strengthen fiscal and non-fiscal incentives in strategic industries.