Photo credit: DOF

The Philippine government is stepping up efforts to attract more foreign investments, with Finance Secretary Frederick D. Go taking a more active role in strengthening the country’s startup ecosystem.

Acting as the country’s investment czar, Go has tapped Foxmont Capital Partners to help identify new opportunities that could bring in more foreign direct investments (FDI) while also unlocking private capital for local startups.

The move comes as the Philippines continues to position itself as a rising hub for innovation in the region. Foxmont, known for backing high-growth and technology-driven startups, sees strong momentum locally despite challenges in the global economy.

According to the firm, domestic private capital in the Philippines is still growing, a positive sign that investor confidence remains intact even amid global uncertainties. This trend, they say, could help the country strengthen its standing as a competitive player in the global economy.

With this collaboration, the government is not just looking to attract foreign investors but also to energize local funding—creating more opportunities for startups to scale and succeed.

Industry watchers say that if sustained, these efforts could accelerate the growth of the Philippine startup scene and bring in more innovation-driven businesses in the coming years.