00:00 President Ferdinand R. Marcos Jr. has set the stage for the Philippines' economy and programs in the 10th Asia Summit in Singapore.
00:10 He also encouraged foreign investors to invest in the Philippines, especially those who have more opportunities, to open their own.
00:20 Here is the story of Allan Francisco live. Allan.
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02:15 We are the number one country of choice for the delivery of customer support in the healthcare services and one of the top destinations for outsourcing overall, second only to India.
02:28 Several data centers are already operating in the Philippines, including Google, Microsoft, Amazon, and Meta, amongst others. Yours could be the next one.
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03:00 I want to clarify that the new law, the Public Service Act, allows now, which was not really allowed before, allows now fully 100% foreign ownership when it comes to renewable energy.
03:15 Last year, our Department of Energy released a circular which modified the implementing rules and regulations of our country's Renewable Energy Act.
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03:30 To those who are looking to invest in the Philippines, we offer incentives, tax breaks, and robust legal frameworks that safeguard the interests of foreign investors.
03:40 Intellectual property rights are protected, ensuring that innovation flourishes within our borders.
03:48 We also know that geopolitical stability and regional cooperation are cornerstones of our foreign policy.
03:55 We are dedicated to peaceful relations and collaboration that foster a conducive investment and business climate.
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04:46 All right. Thank you very much, Alan Francisco.
