By Gabriela Baron
President Ferdinand R. Marcos Jr. on Thursday, Sept. 22, made a pitch before the United States’ business community to invest in the Philippines, touting the country as “the smart investment choice.”
Marcos, during the Philippine Economic Briefing in New York, described the country as “Asia’s fastest rising economic star.”
The Chief Executive also noted that the projected economic performance in the medium term is expected to surpass other Southeast Asian countries.
“As we slowly rebuild the Philippine economy for rapid growth, we created an even wider space for mutually beneficial investments,” he continued.
“The Philippines is a reliable host for international partnerships. The country’s on its way to a strong recovery and a robust broad-based growth in the next six years,” he added.
Marcos also vowed to “swing doors even higher” for high value investment from domestic and international business communities to secure [the] country’s bright economic future.
“It is our belief that the Philippines is the smart investment choice and the best time to do business with us is now,” he added.
“We have grand opportunities, the timing, the window of opportunities for investment and especially in capital… We believe the time is now.”
Marcos also recognized the Philippines and the United States’ “long, strong, and enduring” ties in trade, commerce, and development.
Currently, the United States is the country’s third largest trading partner and fourth major source of foreign direct investment.
