FILE PHOTO: President Ferdinand “Bongbong” Marcos. INQUIRER.net / Ryan Leagogo
MANILA, Philippines — President Ferdinand Marcos Jr. on Friday declared that his administration’s economic policies have translated to investments on the ground.
During the inauguration of the expanded JG Summit Petrochemicals manufacturing complex in Batangas, Marcos cited the 160-hectare hub as an example of cutting-edge technology.
“I thank you for this opportunity to personally validate if the policies that we have instituted to do […] spur investments, do work on the ground,” the President said in his speech.
READ: Marcos leads inauguration of JG Summit’s expanded petrochem complex
According to Marcos, the expanded JG Summit Petrochemicals manufacturing complex is an engineering marvel that has a national mission.
“It is a key plank in the manufacturing renaissance that will revitalize domestic industry and scale up competitiveness – as what our Philippine Development Plan envisions,” he said.
The expanded JG Summit Petrochemicals manufacturing complex costs around P215 billion and took three decades to complete. It makes thermoplastics that are used in packaging, electronic devices, vehicles, and more.