ASEAN KEY DESTINATIONS
PNoy offers PHL manufacturing to US investors
After a trip to Europe that brought in billions' worth of investments to the country, President Benigno Aquino III now hopes to attract American investors to the country's booming manufacturing sector.
In a statement on Sunday, Philippine ambassador to the US Jose Cuisia said that the President will promote the Philippines' manufacturing sector when he delivers speeches at the John F. Kennedy School of Government at Harvard University in Massachusetts and at Columbia University in New York.
"As you know, we’re trying to promote the manufacturing sector," Ambassador Cuisia was quoted as saying in a press release issued by the Presidential Communications Operations Office.
The President arrived in Boston, Massachusetts late Saturday evening.
"We’ve seen very good increases in terms of the manufacturing sector, the growth of the manufacturing sector in 2014," he added.
Based on the latest government data, the manufacturing sector posted a 7.7-percent growth in July in terms of value production index.
This invitation to invest in the country's manufacturing sector is also extended to other countries, the ambassador added.
European leaders pledged $2.38 billion in investments to the country during the President's visit to the continent last week. Of this amount, $908 million has been secured for investments in various businesses that include information technology, transportation, manufacturing, and infrastructure projects.
According to Cuisia, the President will also talk about good governance, the continuing rehabilitation efforts after Typhoon Yolanda, and the Bangsamoro peace agreement.
"And one that he can be very proud of is the good governance mantra that he has been advocating from the start of his administration because that has really engendered tremendous optimism and confidence among international investors," he said. — Rouchelle R. Dinglasan/BM, GMA News
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