MANILA, Philippines — The Philippines is a prime investment destination and a nation on the rise, President Ferdinand “Bongbong” Marcos Jr. told foreign investors during the 10th Asian Summit in Singapore on Wednesday.
“We are a nation on the rise, ready to collaborate with partners who see the potential that we hold in the Philippines. Our journey towards a digital future is in full swing. The Philippine tech ecosystem is thriving, marked by dynamic startup culture and advancements in e-commerce,” said Marcos in his speech.
“Another strength of the Philippines is our educated and English-speaking workforce that has propelled us onto the global stage, especially in the area of business processing, and outsourcing. We are the number one country of choice for the delivery of customer support and to healthcare services, and one of the top destinations for outsourcing overall second only to India,” added Marcos.
The President also told investors that the Philippines is working to improve the citizens’ technical and vocational skills, as well as bolstering the nation’s infrastructure.
“Our commitment to connectivity is unwavering. With ambitious projects that enhance trade and investment opportunities through our ‘Build Better More’ infrastructure program. Our transport networks and energy facilities are poised to elevate business operations and facilitate trade with the world. We welcome foreign investors to take advantage of the opportunities presented in our infrastructure program,” said the President.
“The Philippines is open for business, we invite you to join us in shaping a brighter future for us all,” said Marcos.
Marcos also bared that foreigners can own 100 percent of renewable energy projects.
“As stewards of the environment, we are committed to sustain development in the fight against climate change. The Philippines is embracing renewable energy, welcoming 100 percent foreign ownership of renewable energy projects.”