Trade
US Companies to Invest $1 Billion in Philippines, Raimondo Says
- Marcos says US CHIPS Act to help boost Philippine talent pool
- Raimondo says US to do what it takes to protect its interests
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US companies that joined the trade and investment mission organized by President Joe Biden will invest more than $1 billion in the Philippines, according to US Commerce Secretary Gina Raimondo who leads the delegation.
The US and Philippines alliance is “ironclad,” Raimondo said in a joint briefing by the US group and Philippine officials Monday. The commerce secretary leads an investment mission with about 20 American executives to strengthen economic relations.