Ayala Corp. chair Jaime Augusto Zobel de Ayala delivers his speech at the US-Philippines Society (USPS) board meeting in Makati City on Feb. 10, 2025. The tycoon is optimistic about the country’s growth prospects despite uncertainties in the global market. (Photo courtesy of Ayala Corp.)
Philippine business magnate Jaime Augusto Zobel de Ayala (JAZA) remains bullish about the country’s economic trajectory, emphasizing its readiness to attract high-level partnerships and foreign investments, particularly from the United States.
Speaking at the recent US-Philippines Society (USPS) board meeting he co-chairs, the Ayala Corporation chairman underscored the nation’s resilience and potential for accelerated growth despite global economic volatility.
JAZA projected that the Philippine economy could expand to $855 billion within the next decade, provided that key policy reforms continue to ease foreign investment restrictions. He highlighted retail, infrastructure, and strategic industries as prime areas for further liberalization.
“Consistent 6% growth is a commendable feat, but if we align government and private sector efforts, achieving 8% or more in sustained economic expansion is within reach,” he said.
The business leader stressed that attracting U.S. investments in technology, renewable energy, and advanced manufacturing could further bolster the country’s economic standing and make it more competitive in the global market.
Key growth sectors
JAZA pinpointed renewable energy, digital transformation, healthcare, and education as critical sectors that can drive long-term growth. These industries, in which the Ayala Group has heavily invested, are seen as pillars of a more resilient and competitive economy.
With sustainability and innovation at the forefront of global business trends, he urged companies to explore these high-value sectors and leverage public-private collaboration to maximize economic opportunities.
Strengthening U.S.-Ph business relations
The Washington D.C.-based USPS, an independent and non-profit organization, fosters stronger U.S.-Philippines relations. JAZA reiterated that the Philippines is now well-positioned to deepen its economic ties with the United States, citing shared strategic interests and a history of strong bilateral cooperation.
“The country is certainly ready to accept high levels of partnerships and investments from our friends around the region, especially the United States,” he affirmed.
With an optimistic outlook, JAZA continues to champion business-friendly policies and foreign investment incentives, aiming to position the Philippines as a premier destination for global investors in the coming years.