Ayala Corp. chairman Jaime Augusto Zobel de Ayala emphasized the Philippines' immense investment potential at a US-Philippines Society board meeting, highlighting the country's robust economy and growth prospects.
Ayala Corp . chairman Jaime Augusto Zobel de Ayala highlighted the Philippines' vast investment potential during his keynote address as co-chair of the US-Philippines Society at a board meeting held in Manila on February 10, 2025. The US-Philippines Society convened from February 10 to 11, creating a platform for business leaders and policymakers to delve into strengthening economic ties between the two nations.
This meeting marked the first private sector-driven dialogue on US-Philippines engagement since the recent transition in Washington. Zobel de Ayala emphasized that despite global economic volatility, the Philippines stands as one of Asia's most promising economies, fueled by robust macroeconomic fundamentals and a youthful, rapidly expanding population. He expressed optimism about the country's growth prospects, stating, “We in the Philippine business community remain hopeful at the country’s prospects for growth, which have not dimmed despite a volatile global environment.” The Philippine economy has witnessed remarkable growth in recent years, with GDP and per capita income more than doubling over the past 15 years. Projections indicate that the economy could reach an impressive $855 billion by 2035. Recent economic reforms have further enhanced the Philippines' appeal to foreign investors. These reforms include relaxed foreign investment policies in sectors like retail, infrastructure, and strategic industries, along with incentives designed to attract high-value sectors such as technology, renewable energy, and advanced manufacturing.As one of the country's leading conglomerates, Ayala Corp.'s investments span sectors crucial for economic expansion, encompassing real estate, banking, telecommunications, energy, healthcare, and EV infrastructure. Zobel de Ayala identified several high-growth areas where the group actively invests to support the country's transformation. He passionately urged foreign investors to seize the opportunity presented by the Philippines' growth trajectory. “The country is certainly ready to accept high levels of partnerships and investments from our friends around the region, most especially the United States,” he stated. “Consistent 6-percent growth is certainly a respectable achievement but imagine what more can be achieved if we hit a continuous growth rate of 8 percent or more over a sustained period, which economists feel is possible if we align the government and private sectors,” he added. The US delegation, led by Society co-chairman Ambassador John Negroponte, included former ambassadors Thomas Hubbard and Paul Jones. The American side is dedicated to fostering mutually beneficial outcomes in trade and investment, maintaining shared security interests, and strengthening people-to-people ties through educational and cultural exchanges.
PHILIPPINES INVESTMENT ECONOMY AYALA CORP US-PHILIPPINES SOCIETY GLOBAL ECONOMY ECONOMIC GROWTH
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