The two-day trip of President Ferdinand Marcos Jr. to Washington, DC was well worth it because of its historic impact in advancing efforts to promote a peaceful, open, stable and rules-based Indo-Pacific region that can help empower nations to economically grow and flourish.
There is no question the President is exhausted from the many important trips he has taken, but we both agreed this trip was definitely significant and absolutely consequential because it will define the future not only of the Philippines but countries in our region as well.
The summit, President Marcos noted, provides “an opportunity to define the future we want, and how we intend to achieve it, together.” We were pleased to note that the US International Development Finance Corporation is planning to put up a regional office in the Philippines to facilitate further investments across the country.
The $100 billion is actually a modest estimate considering that the semiconductor industry alone is an $80-billion business in Southeast Asia, and if we get even just 10 to 20 percent of that pie, that’s an additional $8 to $16 billion in investments. Each month, the Visa Office of the State Department publishes, in the Visa Bulletin, the priority dates for that particular month for the various family and employment-based categories.
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