Ties and tension: Marcos brings back business from a Middle East on edge

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MANILA, Philippines – President Ferdinand Marcos Jr. arrived in Manila on Saturday, October 21, after attending the inaugural summit between the Association of Southeast Asian Nations and the Gulf Cooperation Council in Saudi Arabia, describing his trip as a “very short” but “successul visit.”comes at a tense time, amid the worst fighting the region has seen in years.

Getting the buy-in of Saudi business leaders would lend the Maharlika fund much-needed credibility, especially given the success of Saudi Arabia’s Public Investment Fund, among the largest sovereign funds in the world. the fund’s implementation broke out just as he was scheduled to leave for Saudi Arabia. In his departure speech, he said that the Maharlika fund was stillMaharalika wasn’t the only deal on Marcos’ business agenda.

“It’s time that they bring investment to the Philippines to support their food supply situation, and to support the industries that they are going to expand,” Marcos said in his arrival speech.

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