NextGen Day

During his working visit to the US last week, President Ferdinand “Bongbong” Marcos Jr. received investment promises totaling USD3.9 billion, Malacanang reported on Thursday.

These business pledges and agreements, anticipated to create 112,285 jobs, will come from various industries, including manufacturing, data centers, and information technology and business process management (IT-BPM).

The President and the trade department spoke with various corporations in New York, and the Palace highlighted that the estimations do not fully account for their possible future investments.

Malacanang stated in a news release that “…several corporations had expressed interest in exploring new or further investments in the country, although their plans have yet to be firmed up.”

From September 18 to 24, Marcos was in the United States on a working visit. He had traveled abroad three times since taking office in June.

During his six-day working visit, he initially spoke with the Filipino community in New Jersey.

To find collaborations with American investors, he participated in a business discussion with representatives of the US Association of Southeast Asian Nations (ASEAN) Business Council and the US Chamber of Commerce.

During a discussion with top World Bank executives, Marcos also discussed the government of the Philippines’ priorities for advancement and development in the country.

He also urged American investors to benefit from the Philippines’ economic recovery during the Philippine Economic Briefing in New York.

Business executives and investors from various US companies, according to him, have vowed to support the development and economic expansion of the Philippines.

The UNGA’s 77th session was where Marcos participated and gave the “message of unity” in front of world leaders, making it the highlight of his trip.

Additionally, he had meetings with several state leaders, including French President Emmanuel Macron, Japanese Prime Minister Fumio Kishida, and US Vice President Joe Biden.

The official opening of the New Terminal Building at Clark International Airport in Clark Freeport, Pampanga, was hailed by Marcos on Wednesday as a “strong statement” to the rest of the globe that the Philippines is ready for business.

To entice investors to conduct business in the Philippines, he also provided investors with assurances about the government’s commitment to promoting ease of doing business in documentation, procedure, structure, and legislation.

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