US, Japan keen on Luzon projects as ties deepen

New destination: A cargo ship in the Port of Manila. The Philippines is looking to close the gap with its neighbours in terms of attracting international investment. — AFP

MANILA: The United States and Japan are very interested to help fund at least US$15bil worth of projects on the Philippines’ main island, in signs that enhanced security ties are leading to greater economic benefits, according to President Ferdinand Marcos Jr’s investment czar.

The three nations will prioritise five major projects in the Luzon Economic Corridor plan which may well turn out to be Marcos’ flagship investment programme, said Secretary Frederick Go who advises the president on the economy.