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Manila Bulletin devider Philippines devider National devider Fearless forecast: Philippines to gain US investments upsurge, says Romualdez

Fearless forecast: Philippines to gain US investments upsurge, says Romualdez

Published Apr 22, 2024 05:17 am

At A Glance

  • House Speaker Martin Romualdez confidently said on Monday, April 22 that there will be an  upsurge in United States (US) investments in the aftermath of the highly successful dialogue in Washington, DC wherein the country was presented as an attractive investment hub. 

ben-mater-lA-wfuq-7CQ-unsplash.jpg(Unsplash)

 

 

 

 

 

 

 

House Speaker Martin Romualdez confidently said on Monday, April 22 that there will be an  upsurge in United States (US) investments in the aftermath of the highly successful dialogue in Washington, DC wherein the country was presented as an attractive investment hub. 

"The Philippine dialogue marked a significant milestone in our efforts to foster robust economic partnerships with the [US]," said Romualdez, leader of the 300-plus strong House of Representatives. 

During this event, Department of Finance (DOF) Secretary Ralph Recto showcased before American investors the visionary leadership of President Marcos and his administration’s sound fiscal and economic policies. 

Recto also trumpeted the slew of pro-business reforms of the administration that effectively rolled out the red carpet for both foreign and domestic investors. 

"The enthusiastic response from American 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,” Romualdez said. 

“The Philippines' steadfast adherence to fiscal discipline and prudent debt management has garnered international acclaim, bolstering investor confidence and positioning the nation as a beacon of stability and growth in the Asia-Pacific region,” he pointed out. 

Romualdez bared that American investors with ongoing investments in the Philippines came forward to express their desire to expand their operations in the country and gave support to the government’s plans to further improve the ease of doing business. 

He cited the comment during the event of HSBC Public Sector Banking Chairman of the Global Banking and Markets Michael Ellam who recognized the Philippines’ comprehensive and decisive reform agenda, which has made it resilient despite global headwinds. 

Likewise, the House leader said these policies are enhanced by the competitive advantage offered by the country’s young, tech-savvy, and English-speaking workforce. 

The Speaker and Philippine Ambassador to the US Jose Manuel “Babe” Romualdez were among the guests during the event, which drew around 90 executives from US-based funds and corporations, multilateral institutions, and the public sector. 

The Speaker also underscored the recent historic trilateral meeting of President Marcos, US President Joe Biden, and Japan Prime Minister Fumio Kishida as a testament to the Philippines' growing importance on the global stage. 

“This landmark gathering reaffirmed the strong bonds of friendship and cooperation between the Philippines, the United States, and Japan, laying the groundwork for enhanced collaboration in various strategic areas, including trade, investment, and security,” he said.

Related Tags

Foreign Direct Investments Martin Romualdez UNITED STATES GOVERNMENT
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