THE Philippine government is looking at generating around US$100 billion in investments in the next five to 10 years as a result of the historic trilateral meeting of President Ferdinand R. Marcos Jr. with US President Joe Biden and Japanese Prime Minister Fumio Kishida in Washington, DC on Thursday.
Philippine Ambassador to the United States Jose Manuel Romualdez said they are seeing around US$100 billion investment deals as President Marcos’ economic managers have been putting the country’s economic package into different sectors including energy, and digital infrastructure, among others.
Ambassador Romualdez added President Marcos is also excited about an energy company that is planning to supply small nuclear power plants in the country as he is set to meet with companies such as Ultra Safe, one of the biggest contenders supplying small modular nuclear power plants.
“The figures that I have been hearing at, this may sound a little bit expanded in a way, but we’re talking about a hundred billion in investments in the next five to 10 years,” Romualdez said when asked about ballpark figure of the expected investments in President Marcos’ visit to the US.
“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,” he added.
Romualdez said President Marcos will meet with several businessmen in the US.
White House National Security Communications Advisor John Kirby said US Secretary of Commerce Gina Raimondo will host a discussion with her counterparts from the Philippines and Japan to enhance the trilateral maritime, trade and investments of the three countries.
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