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The Luzon Economic Corridor (LEC) initiative is set to welcome a new European partner in September, according to Finance Secretary Frederick Go. The announcement will be made during the inaugural LEC Investment Forum scheduled for September 10 and 11 in Manila. The forum is expected to attract 600 international investors, industry leaders, project developers, and government officials.
The LEC, which includes Subic Bay, Clark, Manila, and Batangas, is the Philippines' largest economic engine, accounting for about 50 percent of the country's GDP and serving as a hub for various sectors. So far, the Philippines has 10 partners in the LEC initiative, with Australia, Canada, Denmark, France, Italy, South Korea, Sweden, and the United Kingdom recently joining.
During the forum, investment opportunities in advanced manufacturing, digital connectivity, energy, transportation, and logistics, as well as private capital and financing, will be showcased. Infrastructure projects ready for financing will also be presented, along with site visits to prospective projects in Subic Bay, Clark, and Batangas.
USTDA's deputy director Thomas Hardy emphasized that America's leadership in the Indo-Pacific relies on trusted partnerships and a shared commitment to secure, high-quality infrastructure. The LEC Investment Forum aims to bring together US, Japan, the Philippines, and partner nations to turn priority projects into commercial reality, advancing the collective vision for a free and open Indo-Pacific.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- New European partner set to join LEC in September philstar.com
