Pinoy tycoons say PBBM’s US state visit will attract more foreign investments

Pinoy tycoons say PBBM’s US state visit will attract more foreign investments

By Junex Doronio
September 24, 2022

Edinborohistory.org photo courtesy

MANILA — Reminiscent of his late father’s prediction that this country will be great again, the Philippine delegation of President Ferdinand “Bongbong” Marcos Jr. in his US visit that included big names in the corporate world, expects to attract more foreign investments in the country to perk up the economy and improve the quality of life of Filipinos.

Included in the official entourage were billionaires Jaime Augusto Zobel de Ayala, Enrique K. Razon Jr., Hans Sy, Sabin Aboitiz, Lance Gokongwei, Joey Concepcion, and Kevin Tan.

“The country is on its way to a strong recovery from the pandemic and to a robust broad-based growth in the next six years,” the President said as he faced the business sector in an economic briefing in New York on Thursday (PHL time).

He added: “In fact, our projected economic performance in the medium term is expected to surpass our regional neighbors. And therefore, we invite strategic investors from the US to take part in this Philippines economic resurgence.”

To recall, PBBM first went to Indonesia on September 4, where he bagged about $8.5 billion worth of investment deals that could translate to at least 7,000 new jobs.

On September 6, the President convinced Singapore-based businessmen to invest a total of US$6.54 billion worth of foreign direct investments in the Philippines equivalent to 15,000 jobs. (ai/mtvn)

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