ICT infrastructure, talent will lure US investors to PH — PCCI chief
Philippine Chamber of Commerce and Industry (PCCI) President George Barcelon believes that the ICT infrastructure and talent in the Philippines could attract more American investors to the country.
During a televised interview, Barcelon said that US firms are “upbeat” with the Philippines’ digital advancement — especially with its Business Process Outsourcing (BPO) sector and data centers.
Aside from these ventures, the PCCI chief added that the country also needs to attract more investments in the manufacturing sector.
Barcelon noted that the goodwill extended by President Ferdinand Marcos Jr. during his US trip has gone a long way.
He also highlighted his talk with the US Chamber of Commerce for more collaboration between its members and the country.
Meanwhile, Department of Trade and Industry (DTI) Secretary Alfredo Pascual said that some American firms with existing operations in the country are keen on expanding their operations in the Philippines given the “more favorable investment climate.”
This includes tobacco company Philip Morris International Inc. (PMI) and consumer goods corporation Procter & Gamble Co. (P&G).
