PRESIDENT MARCOS JR.’S VISION: MAKING THE PHILIPPINES A CENTER FOR SMART MANUFACTURING
President Ferdinand Marcos Jr. emphasized the Philippines’ strategic position and economic strengthsMarcos invited foreign investors during the Indo-Pacific Business Forum, promoting the country as a regional hub for smart and sustainable manufacturing and services.
Highlighting a 5.5% GDP growth and increased foreign direct investments, Marcos pointed to the Indo-Pacific region’s significant economic activity as a key opportunity for further growth.
He detailed initiatives like the Luzon Economic Corridor, which aims to enhance connectivity and business continuity between Subic, Clark, and Calabarzon.
The President also underscored legislative measures allowing 100% foreign ownership of renewable energy sources and the development of priority industries such as electronics and semiconductors.
o participate in the Build Better More infrastructure program and other public-private partnerships to bolster the Philippines’ infrastructure and economic landscape.
Source: PhilNews24 | May 22, 2024
