President Ferdinand Marcos Jr. on Thursday said P4.6 trillion worth of strategic investments have been certified under his economic reforms.
Speaking at the Gawad Bayanihan sa Pamumuhunan milestone event in Malacañan Palace, Mr. Marcos emphasized the success of Executive Order No. 18, which established Green Lanes for Strategic Investments to fast-track permits for major projects.
“The goal is simple: less red tape, more action, more results,” President Marcos said. “On average, investors can now secure permits in just 12 days, instead of months.”
Among the projects facilitated through the Green Lanes are the Laoag and Cayanga-Bugallon solar power plants in Pangasinan, and the EDC-Project Charlie Hyperscale Data Center in Tarlac.
The administration expects these investments to generate nearly 300,000 jobs and improve services across various sectors, including transportation, energy, and telecommunications.
The President credited national and local government agencies for streamlining investment processes and urged continued support for economic reforms.
“This milestone reaffirms a fundamental truth: Progress is never the work of one. It is the result of diverse sectors moving as one—aligned in purpose, determined in execution,” he said.
Mr. Marcos also lauded the awardees of the Gawad Bayanihan sa Pamumuhunan for their role in advancing the country’s competitiveness.
“This is just the beginning,” he said. “We will expand Green Lanes and push for more high-impact, sustainable investments.”
President Marcos also touted the recent passage of the CREATE MORE Act, which refines tax incentives to attract priority projects, reinforcing the administration’s commitment to economic transformation.
In a related development, the President on Thursday inaugurated the Sorosoro Ibaba Development Cooperative (SIDC) Grains Terminal and Trading Project, a facility aimed at strengthening the country’s feed supply and supporting local farmers.
Mr. Marcos praised the collaboration between SIDC, the Batangas City government, the Department of Agriculture (DA), and the World Bank, which funded the P270-million project.
The terminal features two silos capable of storing 12,000 metric tons of corn, ensuring a steady supply of feed for livestock and poultry farmers.
The president highlighted the importance of cooperatives in agricultural development, calling SIDC a model for other farmer groups. He reaffirmed the government’s commitment to organizing and supporting cooperatives to give farmers a stronger voice in the industry.
President Marcos also outlined plans to provide more post-harvest facilities, irrigation projects, and modern equipment, such as dryers and warehouses, to enhance productivity and reduce food waste.
He directed the DA to work closely with the Cooperative Development Authority to strengthen farmer cooperatives nationwide.
Editor’s Note: This is an updated article. Originally posted with the headline: “Marcos touts P4.6-t in investments, faster business processing”