He reaffirmed that the country is open for business and the expressed the government’s commitment to improving the investment climate.
Earlier this week, President Ferdinand Marcos, Jr. went on an official visit to New York, USA as he made an appearance at the United Nations for the general assembly and the 70th Session of the Commission on the Status of Women.
However, also part of his itinerary was to meet and engage with personalities in the business sector, in hopes of attracting investments for the country.
“We are ready to work with you. The Philippines is open—and I mean that not as a slogan, but as a commitment from my administration,” said the President said during a dinner reception hosted by the LT Group, Inc. in New York.
Attendees at the gathering include members of the U.S.-Philippines Society (USPS), U.S.-ASEAN Business Council (U.S.-ABC), Philippine-American Chamber of Commerce (PACC), U.S. businessmen and the Philippine business delegation.
He added, “We have been working hard to improve our investment climate, cut red tape, make it easier to do business, and build something lasting in our country. We are also at a moment of real opportunity.”
He pointed out the manufacturing sector as an example, with Marcos noting that as the global supply chain changes, businesses no longer concentrate their operations in a single location and are now actively seeking trusted, capable, and strategically located alternatives.
Marcos positioned the Philippines as an option, emphasizing its skilled, adaptable, and English-speaking workforce, on top of the country’s infrastructure developments.
The country also has one of the youngest and fastest-growing populations in Asia, he added.
“We have a government that is actively investing in industrial zones and manufacturing corridors, and that is serious about making the Philippines a reliable node in global supply chains,” told Marcos. “Whether in electronics, aerospace components, medical device manufacturing, food processing, or high-value manufacturing—the opportunity is real, and it is now.”
Over tl financial services, Marcos underscored that a large portion of the country’s population remains underserved by traditional banking, creating a business opportunity for other players.
He mentioned that as the fintech sector expands, coupled with digital payments, microfinance, and insurance products tailored to the mass market, the Philippines is ripe for innovation and investment.
At the same time, the Philippine capital markets are alsp maturing, as the government is working to deepen them to make the country not just a market to sell into, but a financial center “worth building in.”
With the expansion of the digital economy, the government is also actively engaging the world’s leading hyperscalers, data center operators, and technology companies to make the country part of the infrastructure of the future.
“We are not waiting to be discovered. We are making the case, actively and deliberately, that the Philippines is where you want to be,” the President told. “So… I encourage you—talk to each other; find the opportunities; and when you do, know that you have a partner in the Philippines who is serious about making it happen.”
INVESTMENT FROM USMGC, 2000 JOBS TO BE CREATED
Meanwhile, Marcos also announced that a company is planning to invest in the Philippines, whcih could create up to 2,000 jobs in the local industry.
After meeting the US Medical Glove Company (USMGC), Marcos shared on social media, “I met with the US Medical Glove Company to discuss their plans to build a medical glove manufacturing facility in the country. The project could create more than 2,000 jobs for our kababayans.”
The investment of the American company is viewed important in strengthening local capacities for medical-grade supplies, with the government expressing support to industries that enhance health security and supply chain stability.
He continued, “It will also allow us to produce essential medical supplies locally and open new opportunities in the growing global medical manufacturing industry.”