The decades-long ties between the PH and US would be further strengthened by a number of economic cooperation initiatives agreed upon during the meeting between POTUS Biden and PBBM during their meeting at the White House. ManilaBulletin
President Ferdinand Marcos Jr. walks through colonnade with US President Joe Biden during the official visit at the White House.
The US, pending Congressional notification, also plans to open a brick-and-mortar Open RAN Interoperability Lab in Manila with an aim “to advance a secure 5G rollout in the Philippines, strengthen its innovation economy, and provide digital upskilling opportunities to Philippine workers.” The IPBF, which is the US’ marquee annual commercial event in the region, convened high-level delegates from the public and private sector “leaders to review policy developments, announce new investments, and identify new commercial partnerships.”
This 2023, the USTDA is expected to leverage over $3 billion in public and private financing for the launch of new sustainable infrastructure programs intended to boost the Philippines’ mineral supply chains, smart grid technologies and clean energy solutions, 5G deployment, airport security and maritime safety, and healthcare infrastructure.
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