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MANILA, Philippines – The Philippines is moving to draw in Swedish capital in high-value sectors such as clean energy, advanced manufacturing, and digital technologies in a bid to support economic growth and generate employment.
In a statement, the Department of Finance (DOF) said it met with the Swedish delegation on June 9 to discuss efforts to strengthen bilateral economic relations between the Philippines and Sweden.
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“What we are pushing for is job creation. We welcome manufacturing investments, for instance, because it has the capability to create many jobs for the country’s highly skilled labor force,” Finance Secretary Frederick Go said, noting that the Philippine government is looking to attract investments in renewable energy, artificial intelligence, and cybersecurity solutions.
