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Manila Bulletin devider Philippines devider National devider Marcos is the Philippines' best marketing strategist, says Suarez

Marcos is the Philippines' best marketing strategist, says Suarez

Published Mar 18, 2024 11:35 am

At A Glance

  • House Deputy Speaker and Quezon City 2nd district Rep. David "Jay-Jay" Suarez has once again labeled President Marcos as the country's "best marketing strategist" after the latter's recent trip abroad wherein he secured $4 billion worth of investment deals.

20240226_111832.jpgQuezon 2nd district Rep. David "Jay-jay" Suarez (Ellson Quismorio/ MANILA BULLETIN)

House Deputy Speaker and Quezon City 2nd district Rep. David “Jay-Jay” Suarez has once again labeled President Marcos as the country’s “best marketing strategist” after the latter’s recent trip abroad wherein he secured $4 billion worth of investment deals.

In a press briefing on Monday, March 18, Suarez cited that Marcos’ working visit and state visit to Germany and the Czech Republic, respectively, resulted in a series of investments and deals for certain sectors.

“[This] is a testament to PBBM’s (President Bongbong Marcos) dedication to promoting the country's economic interest in attracting foreign direct investments (FDI),” the lawmaker said.

“His foreign trips have indeed blossomed into more interest, more commitments, and more foreign direct investments coming into the country,” he added.

According to the Presidential Communications Office (PCO), the $4-billion investment deals were observed in the industries of renewable energy (RE), manufacturing, innovation and startups, IT-BPM, minerals processing, agriculture, space and aerospace.

Suarez noted that the United States (US) trade and invesment mission in the country is expected to have a $1-billion upside. Meanwhile, he also anticipates the World Economic Forum (WEF) Country Roundtable that is set to take place this month to “bring in more investments”.

With all these foreign investments coming into the country, the ranking congressman says there are still so many opportunities left untapped by the Philippines.

“Now we need to look at ourselves, what do we need to fix in order to realize all of this and to maximize the opportunities that are presented to us?” asked Suarez.

He explained that the answer lies with the proposed economic amendments to the 1987 Constitution. As such, he said the House of Representatives and the Senate should finally get their acts together to realize the interest of foreign investors.

“Kaya nga pong napakahalaga na maayos na po talaga natin in finality yung RBH (Resolution of Both Houses) No. 6 at iyong RBH No. 7,” the solon stressed.

(That's why it's so important that we finally pass RBH No. 6 and the RBH No. 7.)

The House’s pro-Charter change (Cha-cha) measure is RBH No. 7, while the Senate’s version is RBH No. 6.

Related Tags

PRESIDENT FERDINAND BONGBONG MARCOS foreign investment FOREIGN TRIPS david Jay-jay suarez
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