President Ferdinand R. Marcos Jr. concluded his official visit to Washington, D.C. with over USD21 billion in investment pledges from major American companies—one of the largest economic gains from a single foreign mission by a Philippine president.
In his arrival statement, President Marcos said the commitments were made during a series of high-level engagements and business meetings with global executives representing sectors such as infrastructure, healthcare, semiconductors, renewable energy, and digital technology.
The President emphasized that the pledges are expected to create thousands of jobs for Filipinos and significantly enhance the country’s industrial capacity, innovation ecosystem, and clean energy objectives.
“We return to the Philippines with over USD21 billion in investment pledges that have the potential to create thousands of direct and indirect jobs for Filipinos within our country,” the President said.
The Chief Executive said that U.S. firms have expressed strong interest in expanding their operations in the Philippines, particularly in areas such as infrastructure, logistics, clean energy, and advanced manufacturing. Several companies are also exploring partnerships in healthcare, digital transformation, and workforce development.
President Marcos also welcomed new investments in semiconductor and electronics manufacturing, saying these would enhance the Philippines’ position in global value chains.
Alongside private sector pledges, President Marcos announced that the U.S. government has committed USD15 million to support private sector growth under the Luzon Economic Corridor Initiative, as well as USD48 million in foreign-assisted programs for development projects.
“We welcome the U.S. government’s pledge of an additional $15 million for private sector development under the Luzon economic corridor initiative and an additional $48 million in foreign-assisted projects,” President Marcos said.
President Marcos reaffirmed the Philippine government’s commitment to maintaining a stable, transparent, and rules-based business environment.
The President assured investors of continued reforms aimed at streamlining processes and improving the ease of doing business. | PND
