By Chloe Mari A. Hufana, Reporter and Beatriz Marie D. Cruz, Senior Reporter
PHILIPPINE President Ferdinand R. Marcos, Jr. secured around P260 billion in investment pledges from top Japanese companies during meetings in Tokyo, as Manila seeks to attract supply-chain relocation and shield the economy from geopolitical tensions and rising energy risks.
“The Philippines is pursuing a clear national direction: building an economy where infrastructure, industry, finance, human capital and connectivity move together as one system of growth,” Mr. Marcos told executives from Japanese conglomerates and financial institutions on Wednesday.
“And increasingly, we recognize that trade and tourism will be among the most important engines of that growth,” he added.
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