PRESIDENT Ferdinand “Bongbong” Marcos Jr. announced on Sunday that his official visit to Canada resulted in investment commitments totaling US$2.5 billion, or roughly ₱153.4 billion, from various Canadian companies.
He shared the update during a Kapihan with the Media, noting that the meetings were held to strengthen bilateral economic ties and open new avenues for growth between the two nations. The figure marks a significant boost to the country’s economic prospects, bringing in fresh capital and opportunities across key industries.
During high-level roundtable discussions with business leaders, the President focused on priority sectors including mining, critical minerals, energy, and the information technology‑business process management (IT‑BPM) industry.
“I underscored the Philippines’ commitment to fostering a competitive, sustainable and innovation‑driven economy,” Marcos stated, emphasizing that the country is ready to provide a favorable environment for responsible and forward‑looking investments. These talks aim to align the Philippines’ natural resources and workforce capabilities with global standards and demands.
A major highlight of the negotiations was the expansion of cooperation in technology and digital services. Discussions with IT‑BPM firms centered on plans to establish global artificial intelligence hubs and learning centers in the country.
These facilities will serve as centralized platforms to develop and upskill workers, ensuring the Philippine workforce remains competitive in the fast‑evolving digital economy. The President noted that such investments will not only create jobs but also position the Philippines as a regional hub for advanced technology and innovation.
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