Philippines pitched as next growth market in Asia for US firms

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April 23, 2026 | 12:00am

MANILA, Philippines — The government is promoting the Philippines as the next growth market for American firms in Asia.

During a business roundtable with the US private sector, Finance Secretary Frederick Go, who also serves as investment czar, encouraged firms to invest in the Philippines.

The government is encouraging investments to create more opportunities for Filipinos amid ongoing geopolitical challenges.

Go said the Philippine government continues to pursue reforms and promote sectors ready for investments.

These include semiconductors and electronics, mineral processing, pharmaceuticals and medical devices, food and agriculture, steel, renewable energy, infrastructure and tourism.

“These strategic investment pillars represent both growth and stability and we are inviting deeper cooperation and long-term investments in our priority sectors,” Go said.

He also cited growing opportunities in emerging industries such as electric vehicles and shipbuilding.

“So, if you are looking for your next growth market in Asia, look at the Philippines,” Go said.

Amid a volatile global economy, he said investors continue to prioritize economies that are able to sustain growth, manage risks and maintain policy stability.

He also said the country’s strong economic fundamentals, including sustained growth, manageable inflation, robust labor market and prudent fiscal management make the country a competitive and resilient investment destination.