Aboitiz joins PBBM and Philippine business delegation in bilateral talks with top American companies in D.C.
FOREIGN INVESTMENT. Aboitiz Group President and CEO Sabin Aboitiz joins Philippine President Ferdinand “Bongbong” Marcos, Jr. in talks with U.S. business executives to discuss new investments and partnerships that benefit the country. (Credit: PBBM official Facebook page)
President Ferdinand “Bongbong” Marcos, Jr. recently returned from his official visit to the United States from April 30 to May 4, 2023, where he engaged in a bilateral talk with President Joe Biden aimed at strengthening the diplomatic and business ties between the two nations.
One of the trip’s highlights was the participation of prominent businessmen, including Private Sector Advisory Council Lead Convenor and Aboitiz Group President and Chief Executive Officer (CEO) Sabin Aboitiz, who joined the Philippine delegation in several meetings with top American companies. The meetings explored pathways for collaboration and promoted innovation and sustainable growth.
The meetings took place in Washington, D.C. with executives from top US companies, including Moderna, Inc., Ultra Safe Nuclear Corp., Atento, Maxeon, Analog Devices, Inc., and Optum. The discussions focused on potential investments in infrastructure and power industries that the Aboitiz Group is at the forefront of in terms of sustainability, innovation, and digitalization as it undergoes its Great Transformation to become the Philippines’ first Techglomerate.
“Joining President Marcos and fellow colleagues from the Philippine business community in meeting with our American counterparts was a transformative experience. It demonstrated how when diverse minds unite, we can break down barriers, create opportunities, and unlock the limitless potential of international collaboration,” said Aboitiz.
Through collaboration and knowledge sharing, forward-thinking American and Philippine businesses can work together to generate quality jobs that showcase Philippine skill and talent.
The meetings underscored the confidence of the American business community in the Philippine economy and its potential to drive growth and development in the region, potentially paving the way for more trade and investment opportunities between the two nations. The current Philippine administration has committed itself to creating a business-friendly environment that will attract key foreign investors and generate jobs and economic opportunities for the Filipino people.
Other prominent Philippine businessmen in attendance were Ayala Corporation Chairman Jaime Augusto Zobel de Ayala, SM Investments Corporation Vice Chairman Tessie Sy-Coson, JG Holdings Summit President Lance Gokongwei, Lucio Tan Group Director Michael Tan, Alliance Global Inc. CEO Kevin Tan, Philippine Airlines President Stanley Ng, San Miguel Corporation President and CEO Ramon Ang, and ICTSI Chairman and CEO Ricky Razon.