President Ferdinand Marcos Jr. brought a message of optimism to the world’s largest stock exchange Tuesday—with an assurance that more American investments would be welcome in the Philippines, which recently enacted policies to further liberalize the economy.President Ferdinand Marcos Jr. rings the closing bell at the New York Stock Exchange. With him are House Speaker Ferdinand Martin Romualdez, Trade Sec. Alfredo Pascual, First Lady Liza Araneta-Marcos, House Senior Deputy Majority Leader Rep.
“Bouncing back from the pandemic, the Philippine economy has seen robust growth since last year and has returned to its path toward upper-middle-income country status, achievable within the next few years,” Marcos said in his speech at the NYSE.“For investors, doing business in the Philippines is an opportunity to reap the benefits of a vibrant economy,” Marcos said, citing key legislation to open up the economy.
Marcos said his administration is keen on implementing policies that enhance food security, reduce energy, transport, and logistics costs, strengthen social protection, and enhance the quality of education and skills of workers. The President said the Philippines has adjusted its ways of doing business at the urging of the United States and American businesses.
He will also participate in roundtables designed to project the country as a vital emerging economy and investment destination in Asia.
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