By Alec Go
President Ferdinand R. Marcos Jr. said Friday, May 5, that the Philippines has secured $1.3 billion worth of investment pledges during his five-day official visit to the United States (US).
In his post-visit statement, Marcos said these pledges from his meeting with US companies could generate 6,700 employment opportunities for Filipinos.
“They are all committed to be part of this development journey that we have embarked upon… When realized, these investments will support our country’s economic recovery efforts and further strengthen the foundations of our economic environment,” he said.
“We expect even more investment that will lead to materialize once these companies firm up their plans. Nevertheless, the interest is a welcome sign of their trust and confidence in the Philippines as an investment destination,” he continued.
He said the firms will help the Philippines address challenges on food, energy, health security, digital connectivity, climate change, and the COVID-19 pandemic.
The chief executive also noted US companies’ recognition of Filipino talent and work ethics that has “has become the main driving force for bringing their investments” to the Philippines.
With this, he said the country is open to initiatives with the Philippine government and schools for the development of local talents.
Marcos traveled to the US on April 30 for his bilateral meeting with US President Joe Biden.
This was followed by a meeting with US Vice President Kamala Harris and discussions with US firms.
He will depart for Europe after his US trip to witness the coronation of King Charles III. – cf
