President Ferdinand "Bongbong" Marcos Jr. bared that there are 90 active investment leads from Chinese companies following his state visit to China in January. Marcos announced this as he spoke at the  33rd Biennial Convention of Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII)on Thursday, March 23. "I am pleased to share that as of February 2023, the BOI, the Board of Investments, is monitoring 90 active investment leads from Chinese companies engaged in manufacturing, information technology, business process management, and renewable energy,” he said. “May you all take hold of and maximize these prospects as you venture into your next endeavors for the benefit of our people and for our communities,” he added. Marcos also thanked the FFCCCII officials for their participation during his state visit to China, which, he said, has paved the way for the signing of various agreements to improve bilateral trade and investment cooperation between the two countries. In his speech, the President also appealed to the federation to keep supporting the government in its development efforts. He recognized the federation's "continued and active participation" in various government efforts to promote business growth and the social welfare of Filipinos before asking for their sustained support to the country. "You have also not failed to reach out to many communities with your initiatives particularly the Operation: Barrio Schools [and] Operation Bakuna.  We deeply appreciate your assistance in conducting medical missions and typhoon and earthquake relief operations," he said. "As you conduct your biennial convention today, may you reaffirm your commitment to support the government in accelerating the country’s development efforts," he said. He also assured them that the issues raised by the federation during their courtesy call with him last year "are being actively addressed by government." During his speech, he mentioned the government's goal to ensure sufficient power supply and lower electricity costs to promote more investments in the energy sector. "[W]e have amended the Implementing Rules and Regulations of the Renewable Energy Act, which removed foreign ownership restrictions for certain Renewable Energy generation projects in the Philippines," he said. "Also, as part of the efforts to further streamline the business permit and licensing processes, we issued an Executive Order constituting green lanes for strategic investments," he added. According to the chief executive, the green lanes are to assign a specific desk in every department so that they will attend to the documentary, legal, bureaucratic requirements of any potential investor, without having to go to every office to gain the signatures necessary for the project. Marcos reaffirmed his commitment to create an enabling environment for businesses and make the Philippines a preferred investment destination for everyone. "In return, I only ask that you continue to do what you do best: to remain industrious, innovative, and compassionate in improving the lives of our people through your business initiatives," he said. "Thus, I have every confidence that, once again, we will bounce back stronger than ever," he added.