MANILA, Philippines — President Ferdinand Marcos Jr. invited American investors to explore opportunities in the Philippines, reaffirming the country’s openness to business and the government’s commitment to improving the investment climate.
“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,” Marcos said during a dinner reception hosted by the LT Group, Inc. (LTG) in New York on Monday.
“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 added.
Citing manufacturing as an example, Marcos said that, with changes in the global supply chain, businesses no longer concentrate their operations in a single location and are now actively seeking trusted, capable, and strategically located alternatives.
He said the Philippines was an option, given its skilled, adaptable, and English-speaking workforce and its continuously improving infrastructure.
The country also has one of the youngest and fastest-growing populations in Asia, the President said.
"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,” he added.
Attendees include members of the US-Philippines Society, US-Asean Business Council, Philippine-American Chamber of Commerce, US businessmen and the Philippine business delegation.
The LT Group, Inc. is a leading diversified holding company in the Philippines, founded in 1937 with major interests in banking, tobacco, distilled spirits, beverages, and property development.
