TOKYO — President Ferdinand Marcos Jr. on Friday encouraged Japanese businessmen to invest in Manila, signifying his keenness to attract foreign investments to accelerate the economic development of the country.
“Think growth, think Philippines,” said Marcos during the Philippine Business Opportunities Forum attended by Japanese businessmen at the Palace Hotel here.
The President also underscored the reasons why they should grow their business in Manila.
“As we go along our development journey, I invite all of you to continue and enhance that partnership. When you think Growth, think Philippines, so that together, we will reap the benefits of robust, sustainable, and inclusive growth for our businesses and for our peoples,” Marcos said.
“Let’s make it happen in the Philippines,” he added.
The Chief Executive stressed that the Philippines has “a lot more to offer to Japanese investors” in terms of ease of doing business in the country.
The Philippine government has removed major barriers to foreign investments via landmark legislations, the President said as he cited the amendments in the Foreign Investments Act and Public Service Act.
“With the amended Foreign Investments Act, investors from other countries bringing in advanced technology to the Philippines may now fully own micro and small domestic enterprises in our country,” Marcos said.