Philippines pitches tech, infrastructure and energy investment in Singapore

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Highlights

Marcos pitches $20-billion Luzon Economic Corridor, export expansion, tax incentives, and digital reforms to about 470 business leaders at the 24th Forbes Global CEO Conference in Singapore.
FedEx expands Clark Gateway hub with a new facility opening by Q4 2028, while Mitsubishi Corp. finalizes a $700-million investment in Ayala Corp., reflecting major foreign inflows.
Vena Energy commits P52 billion for 1.29 gigawatts in new renewable capacity as Philippines targets 35% renewable power by 2030 and explores 1,200 megawatts of nuclear generation by 2032.

Investment push during Singapore visit

As reported by BusinessWorld Online, Marcos presents the Philippines' economic priorities to about 470 business leaders and policymakers at the 24th Forbes Global CEO Conference during a five-day working visit to Singapore. He says the government is prioritizing export expansion, tax incentives, digital reforms and large infrastructure programs, including the $20-billion Luzon Economic Corridor.

The President also meets Singapore Prime Minister Lawrence Wong as Manila prepares to hand over the ASEAN chairmanship to Singapore next month. In his arrival statement after returning to Manila on Monday, Marcos says the talks focused on continuity and momentum for shared ASEAN priorities.

Speaking to international executives, Marcos underscores the country's young, skilled, English-speaking workforce and its aim to move further into research and development and regional digital cooperation. He also points to anti-corruption efforts, stronger digital safeguards, broader economic ties and the Philippines' position on sovereignty and stability in the West Philippine Sea.

Commercial commitments and energy diversification

Among the commercial outcomes, FedEx is expanding its Clark Gateway hub in Pampanga, with the facility scheduled to open in the fourth quarter of 2028 to raise international air freight capacity for micro, small and medium enterprises. Mitsubishi Corp. is also finalizing a $700-million investment in Ayala Corp., one of the country's largest recent foreign equity inflows.

In renewable energy, Vena Energy pledges P52 billion over the next two years to build 1.29 gigawatts of new capacity, adding to its existing 887-megawatt operating fleet and 1.26 gigawatts under construction. Marcos says the commitment supports government targets for renewable energy to account for 35% of power generation by 2030 and 50% by 2040.

The visit also includes a stop at the Singapore Nuclear Research and Safety Institute, where Marcos reviews Singapore's technical and safety frameworks. The Philippines is exploring nuclear power alongside hydrogen as it seeks to diversify energy sources and reduce exposure to disruptions in imported fuel supplies, with the government targeting 1,200 megawatts of nuclear capacity by 2032.

Our earlier report on PEZA’s push for industrial park upgrades detailed how economic zones are being urged to strengthen telecommunications, utilities, logistics, and other core services to attract high-tech and advanced manufacturing locators. It also noted that closer coordination between private developers and local governments is key to modernizing these sites and improving the Philippines’ competitiveness in drawing technology-driven investment.

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