Marcos secures $21B in investment pledges

PRESIDENT Ferdinand R. Marcos, Jr. secured over $21 billion in investment pledges from US companies during his official visit to Washington.

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“We return to the Philippines with over $21 billion in investment pledges that have the potential to create thousands of direct and indirect jobs for Filipinos within our country,” Mr. Marcos said in his arrival statement on Wednesday evening.

During his US trip, Mr. Marcos said he met with business leaders and top executives of top companies involved in healthcare, infrastructure, semiconductor, renewable energy and digital technology sectors.

The President said US companies expressed strong interest in expanding operations in the Philippines, particularly in infrastructure, logistics, clean energy, and advanced manufacturing.

US firms are also exploring partnerships in healthcare, digital transformation, and workforce development.

Mr. Marcos also said new investments in semiconductor and electronics manufacturing would strengthen the Philippines’ position in global value chains.

In addition to private sector pledges, the US government committed additional funding for the Luzon Economic Corridor and other projects.

“We welcome the US government’s pledge of an additional $15 million for private sector development under the Luzon Economic Corridor initiative and an additional $48 million in foreign assisted projects. We will continue to work with the State department as well as with the US Congress for the implementation of these programs,” Mr. Marcos said.