U.S. and Japan Multi-Billion Investments Making the Philippines Stronger Against China

The Philippines is all set to become the leading investment destination in Asia. With a solid reform agenda and unabating growth amid headwinds, the Philippines is ready to take off as a leading investment hub.
The country is eyeing around $100 billion in investment deals in the next five to 10 years from the country's trilateral summit with the United States and Japan, these would cover a range of different sectors including energy, semiconductors, infrastructure and digital economy.
With more and more multi-billion investment pledges coming in, that will be materialized these coming years, the Philippine economy will further boost, becoming an investment hub in Asia Pacific.
The Philippines and Japan are part of the US-led Indo-Pacific Economic Framework, which was launched a few years after the launch of the China-backed Regional Comprehensive Economic Partnership, the world’s largest FTA, of which Manila is also a member. The Philippines hosted the Indo-Pacific Economic Framework meeting in May this year.
Philippine expectations for its investment tie with the US and Japan could be realized because the two powers have increased their presence in the country in recent years.
Tokyo has been the nation’s most reliable development partner, with its massive development commitments in improving the Philippines railway infrastructure such as the Metro Manila Subway and the North South Commuter Railway Project. The huge two infrastructure project alone, cost more than $25 Billion which more than 80% will be financed by Japan.
On the other hand, Washington has remained committed to expanding its investments in the semiconductor and IT-BPO sector, both of which have been massive drivers of year-on-year growth. The sector contributes more than 10% to the country’s economy last year.
Another potential US investment into the country from Seattle-based Ultra Safe Nuclear Corporation will be the potential development of the small modular nuclear power plants in the Philippines. As the United States is keen to develop the country’s energy sector.
The envoy said a joint exploration within the Philippine exclusive economic zone in the South China Sea is also expected as Philippine companies that have been given concessions in the area have been seeking potential partners in the US for a joint venture in the exploration of energy sources.
As part of Manila’s defensive posture with the Support of Washington against Beijing’s aggressive actions, in its sovereign waters in the West Philippine Sea, the United States and the Philippines will develop new military facilities and enhance existing bases to support their growing military operation, as China continues to challenge the world-based order.
With these, new airports and seaports will be developed, across the archipelago, strategically located near the hotly contested waters of the West Philippine Sea and Taiwan Strait. Join this channel to get access to perks:
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