The Philippine Economic Zone Authority on Saturday said there was an increase in confidence among local and foreign investors to expand their operations in the Philippines due to the official visit of President Ferdinand “Bongbong" Marcos Jr. to the United States next week.
“The impact of the presence of the President in the United States really strengthened iyong confidence po ng ating mga investors na mag-invest dito sa Pilipinas ,” PEZA Deputy Director General Aleem Siddiqui Guiapal said at a media forum in Quezon City. Despite the challenges in attracting investors, Guiapal said the President created a “positive image” through his foreign visits, adding that this is an important factor in introducing the Philippines to the global market.
“Katulad nga po ng kanyang state visit this coming April 30 to May 4 sa United States. Iyon po iyong political will na binabanggit natin na kung saan, when there’s good governance, there’s political will, iyong mga challenges na nabanggit natin sa energy sector napupunan po iyon ng mga sistemang pinapanukala ng ating pamahalaan,” Guiapal said.
Close to 400,000 people work within the economic zones, and PEZA plans to increase the number of personnel by 10%, Guiapal said. —
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