The Philippines eyes $100 billion investment opportunities in trilateral talk with US, Japan

In a significant trilateral meeting held in Washington, DC, President Ferdinand R. Marcos Jr., alongside US President Joe Biden and Japanese Prime Minister Fumio Kishida, discussed pivotal investment prospects for the Philippines.

Looking ahead, the Philippine government is aiming to secure an impressive $100 billion in investments over the next five to ten years.

Philippine Ambassador to the United States Jose Manuel Romualdez shared insights, stating, “We’re talking about a hundred billion in investments in the next five to 10 years.” He expressed confidence in the potential deals, emphasizing the government’s focus on opening up the economy, particularly in energy and digital infrastructure.

Ambassador Romualdez highlighted President Marcos’s enthusiasm for potential collaborations with energy companies, notably those involved in supplying small nuclear power plants, such as Ultra Safe. President Marcos is scheduled to engage with various businessmen in the US to explore investment opportunities further.

Supporting these initiatives, White House National Security Communications Advisor John Kirby announced plans for discussions led by US Secretary of Commerce Gina Raimondo.

These discussions aim to strengthen trilateral maritime, trade, and investment cooperation between the Philippines, Japan, and the United States, underscoring the importance of collaborative efforts in driving economic growth and prosperity in the region.