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Manila Bulletin devider Philippines devider National devider Marcos courts US investors as medical glove firm eyes PH plant, 2,000 jobs

Marcos courts US investors as medical glove firm eyes PH plant, 2,000 jobs

Published Mar 11, 2026 06:42 am
President Ferdinand 'Bongbong' Marcos Jr. meets with officials of the US Medical Glove Company to discuss plans to establish a medical glove manufacturing facility in the Philippines, at the sidelines of his working visit to New York City on March 10, 2026. (Malacañang photo)
President Ferdinand 'Bongbong' Marcos Jr. meets with officials of the US Medical Glove Company to discuss plans to establish a medical glove manufacturing facility in the Philippines, at the sidelines of his working visit to New York City on March 10, 2026. (Malacañang photo)
President Marcos has invited American investors to explore opportunities in the Philippines, saying the country is open for business, as a US-based medical glove manufacturer considers building a facility that could generate about 2,000 jobs for Filipinos.
Speaking during a dinner reception hosted by LT Group Inc. in New York, Marcos said his administration is committed to improving the country’s investment climate and making it easier for companies to do business.
“We are ready to work with you. The Philippines is open—and I mean that not as a slogan, but as a commitment from my administration,” the President said.
“We have been working hard to improve our investment climate, cut red tape, make it easier to do business, and build something lasting in our country. We are also at a moment of real opportunity,” he added.

Medical glove plant eyed

Earlier, the President said he met with officials of the US Medical Glove Company to discuss plans to establish a medical glove manufacturing facility in the Philippines.
“I met with the US Medical Glove Company to discuss their plans to build a medical glove manufacturing facility in the country. The project could create more than 2,000 jobs for our kababayans,” he said in a social media post.
“It will also allow us to produce essential medical supplies locally and open new opportunities in the growing global medical manufacturing industry,” he added.
The meeting took place on the sidelines of Marcos’ participation in United Nations engagements in New York, where he delivered a national statement at the Commission on the Status of Women and addressed the UN General Assembly.
The planned investment is expected to strengthen the Philippines’ capacity to produce medical-grade supplies locally and support efforts to improve health security and supply chain stability.

PH as global manufacturing hub

President Marcos said shifting global supply chains have created new opportunities for countries like the Philippines as companies diversify production beyond a single location.
He noted that the Philippines offers advantages such as a skilled and English-speaking workforce, improved infrastructure, and one of the youngest and fastest-growing populations in Asia.
“We have a government that is actively investing in industrial zones and manufacturing corridors, and that is serious about making the Philippines a reliable node in global supply chains,” he said.
Marcos said opportunities exist across multiple sectors, including electronics, aerospace components, medical device manufacturing, food processing, and other high-value manufacturing industries.

Opportunities in finance, digital economy

The President also highlighted opportunities in financial services, noting that a large portion of the Philippine population remains underserved by traditional banking.
He said the rapid expansion of fintech, digital payments, microfinance, and mass-market insurance products makes the sector ripe for innovation and investment.
Marcos added that the government is working to deepen the country’s capital markets and attract global technology firms, data center operators, and hyperscalers as the digital economy continues to expand.
“We are not waiting to be discovered. We are making the case, actively and deliberately, that the Philippines is where you want to be,” the President said.
Attendees at the reception included members of the US-Philippines Society, the US-ASEAN Business Council, and the Philippine-American Chamber of Commerce, as well as US businessmen and the Philippine business delegation.

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