Washington summit to bring more FDIs into Phl

Several multinationals are pouring in new investments or expanding their operations in the Philippines as a result of President Marcos' successful and historic trilateral summit in Washington recently, House Speaker Martin Romualdez said.

- DELON PORCALLA

Romualdez also cited the successful Philippine Dialogue in the US where Finance Secretary Ralph Recto showcased before American investors the leadership of Marcos and his administration's sound fiscal and economic policies, among other pro-business reforms.

"The enthusiastic response from investors who recognize the immense potential and opportunities that the Philippines has to offer is a strong indication that our country is poised to attract substantial investments from US corporations seeking lucrative opportunities abroad," he said.

He cited the comment made by HSBC Public Sector Banking and Global Banking and Markets chairman Michael Ellam who recognized the Philippines' comprehensive and decisive reform agenda, which has made it resilient despite global headwinds.