New york: President Ferdinand R. Marcos Jr. on Tuesday (New York time) announced a meeting with senior leaders of financial services firm J.P. Morgan to discuss economic cooperation and key global developments affecting international financial markets. This meeting took place on Monday, coinciding with his United Nations engagements.

According to Philippines News Agency, Marcos and J.P. Morgan's senior executives focused on the current state of the global economy, particularly amid rising geopolitical tensions and market uncertainties. Marcos highlighted that discussions revolved around how these geopolitical developments are influencing global oil prices and the broader economic implications for both advanced and emerging economies.

Marcos stated that the conversation addressed heightened geopolitical tensions and their impact on global oil prices, with a broader look at implications for various nations. He emphasized the importance of continued cooperation and open communication with J.P. Morgan in navigating the challenges posed by shifting global economic conditions.

Officials from J.P. Morgan also provided insights on the rapid advancements in AI and the growing need for governments and institutions to prepare for the transformative effects of AI on economics, industry, and labor markets. Marcos underlined that technological readiness, cybersecurity resilience, and workforce upskilling will be critical for countries aiming to remain competitive in a fast-changing global environment.