U.S. prioritizes Phl in investments — Raimondo

Thirdly, he said, American companies are interested in the Philippine healthcare sector. “There are tremendous opportunities in the Philippines to boost the production of pharmaceuticals, medical devices, and the healthcare industry in general,” he stressed.

Osius also noted that ease of doing business in the country has improved, thus the reason why foreign investors, particularly American firms, are so bullish about pouring in investments into the country.

PSAC leads

The mission was in the country to look at several key sectors, particularly Renewable Energy, Transport and Logistics Infrastructure, ICT and Cybersecurity, and Cross-Border Data Flows.

Investment in these sectors will ensure the country’s sustainable economic growth, and regional connectivity and improve cybersecurity measures to protect digital assets.

The Private Sector Advisory Council hosted the mission, bringing together the Philippines’ top conglomerates and the US delegation, to create solutions for the country using their direct access to the government.

PSAC Lead Convenor and Aboitiz Group President and CEO Sabin M. Aboitiz emphasized that the Advisory Council works directly with the

President, can minimize bureaucratic challenges, and ensure that the Philippine government can work smoothly with foreign investors.

“PSAC is our answer to making sure the government hears you, ensuring your needs and challenges are front and center, so we can tackle them head-on,” Aboitiz said.

Solid and clear commitment

“Our commitment is solid and clear: we intend to make doing business in the Philippines as easy, simple, and straightforward as possible — as it should be,” emphasized.

PSAC is our answer to making sure the government hears you, ensuring your needs and challenges are front and center, so we can tackle them head-on.

Aboitiz also expressed support for the Marcos administration’s continued thrust to improve US-Philippine ties and promote a more comprehensive alliance between the two nations.

“Under the leadership of President Marcos Jr., we have a government that does not just talk but listens — listens to what businesses need, listens to what investors like you are looking for, listens to what industries need for the economy to thrive. If this kind of collaboration continues, the Philippines will be the Next Big Thing in Asia.”