TO STRENGTHEN the nation’s local industries and reduce reliance on imports, President Ferdinand Marcos Jr. invited corporations to invest in key sectors like education and skills development, digitalization of processes and research and development.

The President said that the government is committed to boost economic growth and enhance job creation to curb poverty.

“Import substitution is still a good idea not only for foreign exchange reserve but also, so that we can keep our inflation rate down,” Marcos said.

“So to aid the transition that we are talking about, I invite you to invest in key areas such as education and skills training; digitalization of processes; and research and development,” the Chief Executive added.

The President also emphasized the government’s efforts to increase public-private partnerships and increase bureaucratic efficiency through the development and digitalization of information and communication technology.

“Rest assured, this government is united in ensuring that the Philippines will become a viable and sustainable destination for domestic and foreign investors,” Marcos said.