Taguig city: President Ferdinand R. Marcos Jr. has urged international bank HSBC to assist in showcasing the economic potential of the Philippines to foreign investors. Speaking at HSBC’s 150th anniversary gala in Taguig City, Marcos emphasized the need to create a progressive economic environment where reliable financial services and meaningful opportunities are accessible to all citizens.

According to Philippines News Agency, President Marcos highlighted HSBC’s involvement in government initiatives, including participation in the SEC-registered USD3.3 billion-equivalent dual currency global bond issuance. This bond is intended to support ongoing government programs in infrastructure, education, and social protection, benefiting citizens reliant on stable public services.

Marcos also noted HSBC’s collaboration with economic agencies and its role in increasing the country’s exposure to foreign investors. He mentioned that HSBC’s expansion from its first branch in Binondo in 1875 reflects confidence in the Philippines’ future. The government, he assured, continues to enhance financial systems for depositor protection, with the Bangko Sentral ng Pilipinas refining standards to ensure bank resilience.

Furthermore, the adoption of reforms such as the Basel III New Standardized Approach and clearer disqualification guidelines for erring officers are part of the country’s efforts to maintain robust financial systems. Marcos expressed confidence in HSBC’s commitment to providing inclusive, secure, and accessible services to Filipinos as it adapts to the changing economy.

HSBC Interim Group Chairman Brendan Nelson affirmed the bank’s confidence in the Philippines and its readiness to support the country’s growth momentum. He acknowledged the Philippines’ strategic position in Southeast Asia, a region poised for significant growth in the configured globalized world. Nelson highlighted the increase in exports within the region and the role of trade corridors within ASEAN in driving growth.

He noted that ASEAN is the world’s fastest-growing trade bloc and looks forward to working with the Philippines as it prepares for the 2026 ASEAN chairmanship. Nelson reiterated HSBC’s determination to continue expanding in the Philippines, aligning with the region’s economic trajectory.