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Trade chief lauds First Philippine Industrial Park for helping economic development

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ABS-CBN News

Trade Secretary Alfredo Pascual thanked foreign investors for their continuing confidence in the Philippines. Speaking at a round table forum at the First Philippine Industrial Park in Sto Tomas, Batangas, Pascual said companies from around the world like Collins Aerospace (United States), The Philippine Manufacturing Company of Murata,  Brother Industries Philippines (Japan), and Dyson Electronics PTE  (United Kingdom) that located in FPIP are thriving despite the challenging geopolitical environment.  Days ahead of President Ferdinand Marcos Jr’s State of the Nation Address,  Pascual also urged FPIP locators to help the government invite their suppliers and contractors to locate in the Philippines and contribute to the development of manufacturing ecosystems, particularly in industries that are part of the DTI’s Strategic Investment Priorities Plan (SIPP). Pascual also commended  FPIP for its “significant contribution to the industrial and economic landscape of the Philippines, “ and cited its thrust towards sustainable and responsible economic growth. FPIP President Francis Giles Puno meanwhile thanked the government for discussing issues important to investors. Puno also thanked Batangas Governor Hermilando Mandanas for his support for Philippine industries. “Whether it&#x27;s First Gen’s Clean Energy Complex in Batangas City, FPIP’s industrial estate in Sto Tomas and Tanauan, or First Philec’s manufacturing plant in FPIP, we have found Batangas to be a strategically important location and the DTI to be a vital driver of economic development,”  he said, referring to the Lopez Group’s many investments in the province.FPIP and ABS-CBN Corp are both part of the Lopez Group of companies.<a href="//news.abs-cbn.com">news.abs-cbn.com</a> is the official news website of ABS-CBN.

Pascual commended FPIP for its “significant contribution to the industrial and economic landscape of the Philippines. “

Pascual commended FPIP for its “significant contribution to the industrial and economic landscape of the Philippines. “