Aquino woos US investors

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After his trip to Europe that generated about $2.3 billion in investments, President Benigno Aquino 3rd will now convince American businessmen to invest in the Philippines’ manufacturing sector.

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Philippine Ambassador to the US Jose Cuisia said on Sunday Aquino will promote the country’s manufacturing sector when he delivers speeches at the John F. Kennedy School of Government at Harvard University in Massachusetts and at Columbia University in New York.

“We’re trying to promote the manufacturing sector,” Cuisia was quoted as saying in a press statement issued by the Presidential Communications Operations Office.

“We’ve seen very good increases in terms of the manufacturing sector, the growth of the manufacturing sector in 2014,” he said.

The manufacturing sector posted a 7.7-percent growth in July in terms of value production index.

Cuisia said these developments in the Philippine economy is very timely for US firms wanting to put their investments elsewhere.

He added that Aquino will also discuss the consistent growth in the Philippine economy as well as the reforms that have been undertaken under his administration.

“One that he can be very proud of is the good governance mantra that he has been advocating from the start of his administration because that has really engendered tremendous optimism and confidence among international investors,” Cuisia said.

The President, he added, may also talk about the continuing challenges that the Philippines has to face, including the rehabilitation efforts in areas devastated by Super Typhoon Yolanda.

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