PBBM courts Indian investments, advances airport, digital payment projects
President Ferdinand Marcos Jr. is courting Indian investment to boost Philippine infrastructure, specifically focusing on the Sangley Point International Airport and digital payment systems. The initiative aims to decongest Manila's main airport and modernize the country's financial technology sector.
Why it matters
Strengthening economic ties with India could provide the Philippines with critical infrastructure development and digital transformation, impacting regional logistics and job creation.
President Marcos pushed for greater Indian investments in the Philippines, while advancing projects in aviation, digital payments, technology, and other high-value industries during his trip to New Delhi for the 18th BRICS Summit.
The President held separate meetings with Indian business leaders on Sept. 12, discussing projects that the government said could improve connectivity, create jobs, and expand digital services.
President Marcos met with executives of GMR Group and representatives of Cavitex Holdings, Inc. to advance the development of the Sangley Point International Airport (SPIA) project.
The Presidential Communications Office (PCO) said the discussions focused on developing a world-class, multi-runway aviation hub that would help decongest Ninoy Aquino International Airport (NAIA), improve regional logistics connectivity, and create high-value jobs.
“A new international gateway that will create jobs, strengthen connectivity, and open more opportunities for Filipinos,” Marcos said in a Facebook post.
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