Speaker Ferdinand Martin Romualdez on Saturday hailed President Ferdinand Marcos, Jr.’s successful five-day official visit to the United States that generated, among others, billions of dollars in investment pledges seen to create thousands of jobs for Filipinos.
In his post-visit report, the President said he will return to the Philippines with over US 1.3 billion in investment pledges that have the potentials to create around 6,700 new jobs for Filipinos who need not find employment abroad.
“I have personally witnessed how the President tirelessly pursued his mission to promote the interest of the Philippines. He wasted no time and seized all opportunities to engage with US government officials and key business leaders to secure meaningful benefits for our people,” Romualdez said.
Romualdez was among the Filipino delegation that accompanied President Marcos in his various engagements during the five-day official visit to the US.
“I am confident the lives of many of our Filipino brothers would soon be touched and transformed by the fruits of his official visit to the US,” Romualdez said.
“These tangible benefits are won by our President’s indefatigable work coupled with his honesty and the sincerity of his intention to enhance Philippine-US relations for the good of both countries,” he added.
President Marcos noted that during his engagements with numerous American business groups, he was able to entice many of them to expand their operations or create new ventures in the Philippines.
He said that when realized, these investments from the US will support our country’s economic recovery efforts and further strengthen the foundations of our economic environment.
“We expect even more investment that will materialize once these companies firm up their plans,” President Marcos added.
According to the President, these pledges from American investors are a sign of the trust and confidence in doing business in the Philippines, as many of them see the country as an ideal investment destination.
Among the key areas of focus of the President’s official visit to the US include enhancing cooperation on addressing some of the key economic challenges, particularly food, energy, and health security, digital connectivity, “and the cross-cutting issues of climate change and pandemic preparedness.”
The Chief Executive said his discussions with the U.S. business community also affirmed the optimism of international investors in the Philippines, particularly their praises for the talent, ingenuity, and work ethics of the Filipinos.
Romualdez reiterated the full support of the House of Representatives for the initiatives of President Marcos meant to realize his vision of a better future for all Filipinos.
“To this end, the House of Representatives is committed to pass measures to improve existing legal framework to facilitate the entry of foreign investments, thus enhancing our country’s competitive advantage in attracting foreign capital and businesses to create better-paying jobs for our people and sustain our economic growth,” Romualdez said.