Marcos bags $1.3Bn investment pledges from U.S.
WASHINGTON, D.C., UNITED STATES — Philippine President Ferdinand Marcos Jr. concluded his four-day official visit to the United States (U.S.) with $1.3 billion in investment pledges.
The investments are expected to create around 6,700 jobs for Filipinos, supporting the country’s economic recovery efforts and strengthening its economic environment.
“We expect (that) even more investments will materialize once these companies firm up their plans,” he added.
President Marcos noted that the U.S. companies he met wanted to expand their presence in the Philippines or invest in the country for the first time, highlighting their trust and confidence in the Philippines as an investment destination. Among them are outsourcing firms Atento and Optum.
The President also stated that the U.S. business community praised Filipino workers for their “talent, ingenuity, and work ethic,” which has become the main driving force behind bringing investments to the country.
With the help of American businesses, the President hopes to address the country’s economic challenges, including food, energy, health security, digital connectivity, climate change, and the COVID-19 pandemic.
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