PBBM, hinikayat ang foreign leaders at investors sa Laos na mamuhunan sa Pilipinas; Thai company na gumagawa ng fiber cement, magtatayo ng manufacturing facility sa bansa

2 months ago

PBBM, hinikayat ang foreign leaders at investors sa Laos na mamuhunan sa Pilipinas; Thai company na gumagawa ng fiber cement, magtatayo ng manufacturing facility sa bansa

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Transcript

00:00President Ferdinand R. Marcos Jr. did not miss his trip to Laos PDR

00:05and his invitation to foreign businessmen to move to the country.

00:10This was the result of convincing a company to invest in the Philippines

00:16which is expected to open opportunities to many Filipinos.

00:20This is what Clay Zalcordilla reported.

00:23President Ferdinand R. Marcos Jr. accepted the invitation to move to the Philippines

00:30by a company from Thailand that makes fiber cement.

00:34A manufacturing facility will be built in the Philippines,

00:37the Shera Public Company Limited, one of the largest fiber cement companies in the world.

00:43The investment is worth 2.9 billion pesos.

00:46The operation will start next year in Mabalacat City, Pampanga.

00:51According to President Ferdinand R. Marcos,

00:53this will surely result in economic growth,

00:56increased jobs, and a reduction in the Philippines' dependence on the production of products.

01:01This is expected to happen after the delegation of the Philippines

01:05to the Shera Public Company Limited

01:07on the sidelines of the 44th and 45th ASEAN Summit and related summits in Vientiane, Laos.

01:14President Ferdinand R. Marcos Jr. encouraged foreign leaders and investors

01:19to move to the Philippines.

01:22The Philippines is an ideal hub for smart, sustainable manufacturing.

01:28So let me put on my salesman's hat for just a while

01:32and invite you to explore the investment opportunities that are on offer.

01:38This was said by the President during his visit to the ASEAN Business and Investment Summit

01:44in Vientiane, Laos, People's Democratic Republic.

01:47President R. Marcos Jr. targets companies that produce batteries,

01:52energy equipment, data centers, and agribusiness.

01:56He highlighted the Philippines' aggressive efforts

01:59in the sectors of infrastructure, manufacturing, agriculture, and digital economy

02:05that are ideal for smart and sustainable manufacturing.

02:09President R. Marcos Jr. encouraged administration programs

02:14to become one of the fastest-growing economies in Asia.

02:18For example, the construction of the Manila International Airport,

02:22the construction of island provinces, and the improvement of infrastructure.

02:27The government is also investing in fast internet and telecommunications

02:32in various provinces to provide access to remote areas.

02:36The skill of one and a half million workers in the digital economy

02:41and the implementation of the Digital National ID

02:44for the government's rapid availability of services.

02:47The Executive Board also encouraged the construction of flood control projects

02:52to prevent floods and the proliferation of renewable energy resources

02:57for those who want to live on electric vehicles.

03:01For us, connectivity is a necessity and building resilience is a means of survival.

03:09From building roads that connect provinces to establishing digital infrastructure,

03:14we understand that true connectivity transcends physical links.

03:20We ensure the seamless flow of goods, of services, of people, leaving no one behind.

03:26The government is also making policies to encourage investors

03:31such as the Internet Transaction Act,

03:33reforms to the Public-Private Partnership,

03:36and the creation of the Create More Act,

03:38which gives incentives to businessmen.

03:41It also speeds up the process for those who want to start a business.

03:44Developing connectivity and resilience within ASEAN is more than just optimizing value chains.

03:51It is about upholding inclusive growth that uplifts every region, every community, and every citizen.

04:00In the second quarter of 2024,

04:03Php 189.5 billion was approved for foreign investments in the Philippines.

04:10The Marcos Administration hopes that it will create a more vibrant economy

04:15and provide more opportunities and jobs for Filipinos.

04:21Kalei Zalpardilla for Pambansang TV in the new Philippines.

PBBM, hinikayat ang foreign leaders at investors sa Laos na mamuhunan sa Pilipinas; Thai company na gumagawa ng fiber cement, magtatayo ng manufacturing facility sa bansa

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