The Philippine government aims to secure approximately $100 billion in investments over the next five to ten years following a groundbreaking trilateral meeting between President Ferdinand R. Marcos Jr., US President Joe Biden, and Japanese Prime Minister Fumio Kishida in Washington, DC.
Philippine Ambassador to the United States Jose Manuel Romualdez stated, “We’re talking about a hundred billion in investments in the next five to 10 years,” expressing optimism about the potential deals.
He added, “We have a lot of areas where we are putting ourselves, our economic managers are putting our country into a situation where we’re opening up our economy especially in energy, which is very important for, and also, of course, digital infrastructure, and infrastructure, physical infrastructure as also one of the other aspects of our economic package that we’d like to offer for potential investors.”
President Marcos is particularly excited about the prospect of collaborating with companies such as Ultra Safe, a major player in small modular nuclear power plants. Ambassador Romualdez highlighted President Marcos’s upcoming meetings with American business leaders to further explore investment opportunities.
In support of these efforts, White House National Security Communications Advisor John Kirby announced plans for a discussion led by US Secretary of Commerce Gina Raimondo, aimed at bolstering trilateral maritime, trade, and investment cooperation between the Philippines, Japan, and the United States.
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