Marcos tells Singapore investors the Philippines is "terribly excited" about Pax Silica, despite protests at home
At the Forbes Global CEO Conference on October 8, Marcos said the Philippines is "terribly excited" about Pax Silica and that his trips are a "big effort" to lure investors (Philstar, Manila Times). He arrived October 7 for a five-day working visit. The Department of Foreign Affairs said he would present opportunities in digital technology, AI, advanced manufacturing, infrastructure, energy and health to over 470 business leaders. Pax Silica plans for New Clark City have drawn protests from Aeta communities and activists (Gulf News, SCMP, RFA).
Investment is central to the government's plan to lift growth, which slowed to 2.3 percent in the second quarter, but a showcase project that faces local opposition could be harder to deliver.
Large industrial sites can bring jobs but also affect land and water for nearby communities. Details on terms matter more than headlines.
Supporters say a secure chip and AI supply chain will bring jobs and investment as the Philippines chairs ASEAN.
Critics say the project risks displacing communities and handing the country strategic minerals and data without enough public scrutiny.
Announcements are not investments. Ask for the numbers: how many pesos, what timeline, which land and who signs. The ASEAN summit in Manila on November 15 to 17 is the next big showcase.
DailyDrop Philippines edition No. 6 · Morning · SAT., OCT. 10, 2026