The working visit of President Marcos Jr. to the United States last week yielded $3.9 billion worth of pledged investments with potential to generate more than 100,000 jobs, Malacañang said yesterday.
In a press release, Malacanang said the investments will come from information technology and business process management, data centers, and manufacturing.
Malacanang added the estimated $3.9 billion investments and projected 112,285 jobs “do not reflect the full potential of future investments from several companies that the President and the trade department met while in New York”.
It added some companies had expressed interest to invest in the Philippines have yet to firm up their plans.
Marcos embarked on a six-day working visit to the New York from September 18 to 23 where he attended and addressed the 77th United Nations General Assembly and asked for the other nations’ support for the Philippines’ bid to join the UN Security Council.
Marcos also had bilateral talks with US President Joe Biden and Japanese Prime Minister Fumio Kishda and met with the several business leaders..
He participated in a business dialogue with members of the US-Association of Southeast Asian NationsBusiness Council and the US Chamber of Commerce, seeking partnerships with American investors.
Marcos also presented the government’s priorities aimed at bringing progress and development to the Philippines during a meeting with top World Bank executives.
During the Philippine Economic Briefing in New York, he also enjoined American investors to take advantage of the Philippines’ economic resurgence.
He said business leaders and investors from different US companies he met have committed to be a part of the Philippines’ development and economic growth.
The President, at the grand opening of the New Terminal Building of the Clark International Airport in Clark Freeport in Pampanga last Wednesday, reiterated that the Philippines is open for business, and that the government is ready to go the extra mile to nurture strong partnerships with potential investors.
He also reiterated the Philippines is a good investment destination and is “probably the most vibrant economy in Southeast Asia.” – With PNA
