President Marcos has invited business leaders to explore the Philippines as an investment destination, citing the country's strategic location and improved government systems that make it easy for foreign investors to do business in the country.

Marcos said this during the 10th Asia Summit of the Milken Institute in Singapore on Wednesday, Sept. 13.

In his speech, the President highlighted the Philippine economy's strong fundamentals and the country's location on the world map.

"Given the strong fundamentals of our economy, I invite you to explore the Philippines as a destination for investment," he said.

"Moreover, the Philippines' strategic location within Asia, coupled with our membership in regional trade agreements, positions us as a gateway to countless possibilities," he added, noting that the Philippines is a member of the Association of Southeast Asian Nations (ASEAN) and a signatory of the Regional Comprehensive Economic Partnership (RCEP).

Marcos shared that there are many areas in the Philippines that investors can get involved with. He likewise expressed readiness to work with them.

"In terms of areas for investment, our nation offers a myriad of opportunities across various sectors— from digital and renewable energy to manufacturing and tourism," he said.

"We are a nation on the rise, ready to collaborate with partners who see the potential that we hold in the Philippines," he added.

The President likewise said that the Philippines offers investors incentives, tax breaks, and robust legal frameworks "that safeguard the interests of foreign investors."

"Intellectual property rights are protected, ensuring that innovation flourishes within our borders," he said.

"I invite each one of you to consider the Philippines as a strategic partner in your journey. Our story is one of promise or potential of endless opportunities, and all waiting to be harnessed," he added.

Story of resilience and growth

In his speech, President Marcos said the Philippines remains steadfast despite global economic uncertainty.

"Our nation's story is one of the resilience of a people who rise above challenges and seize opportunities to build a better tomorrow," he noted.

Marcos said the Philippines demonstrated remarkable resilience amid global economic volatility, with a consistent gross domestic product (GDP) bolstered by prudent fiscal management and monetary policy.

"Despite high inflation and global market instability, our economy grew by 7.6 percent in 2022— the fastest rate of growth recorded by our country since 1976," he said.

"Economic expansion is expected to continue this year, with global institutions such as the World Bank and the IMF projecting the Philippines to grow around six percent in 2023," he added.

The President likewise highlighted the country's upbeat domestic activity and improved business confidence.

"We are a large market. We are comprised of 110 million consumers whose demand helps fuel our current and future growth," he said.

"Moreover, the regulatory reforms that we have recently passed, which liberalized many sectors, including public services, retail, and renewable energy, amongst others, are expected to encourage private investment and bolster the growth of our economy over the medium to the long term," he added.