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Philippine President Ferdinand R. Marcos Jr. secures a significant commitment from Macquarie Group Ltd., Australia’s leading firm, to invest in the Philippines’ renewable energy, value-added mining, and digitalization. The commitment was made during President Marcos’ participation in the ASEAN-Australia Special Summit in Melbourne.

Macquarie Group’s Managing Director and CEO, Shemara Wikramanayake, expressed excitement about potential investments in digitization and energy transition. She highlighted the Philippines’ appeal, citing its young and growing population as a significant opportunity for growth and organizational development.

Wikramanayake emphasized Macquarie Group’s interest in partnering with the Philippines, particularly in creating an environment conducive to attracting pension savers’ funds for infrastructure and capital investment.

President Marcos praised Macquarie Group’s interest, recognizing its potential impact on the Philippines’ digitalization efforts and overall development. He emphasized the importance of digitization for ease of doing business, both for investors and locals dealing with the government.

Macquarie Group Limited, already operating in the Philippines for over 15 years, has more than 1,000 direct employees through Macquarie Offshore Services. The group previously managed a substantial infrastructure fund in partnership with the Government Service Insurance System (GSIS) and acquired a majority stake in the Energy Development Corporation (EDC) in 2017-2018.

With this commitment, Macquarie Group aims to contribute significantly to the Philippines’ renewable energy landscape, mining sector, and digital transformation. The potential collaboration extends beyond the discussed areas, offering opportunities for further exploration and development in the Philippine economy.