From L to R: House of Representatives Speaker Ferdinand Martin Romualdez, Siemens AG President and Chief Executive Officer Dr. Roland Busch, President Ferdinand Marcos Jr., Department of Trade and Industry Secretary Fred Pascual, and Philippine Ambassador to Germany Irene Susan Natividad

Berlin, Germany–On 12 March 2024, President Ferdinand R. Marcos Jr., together with his economic team led by DTI Secretary Fred Pascual met with Dr. Roland Busch, President and Chief Executive Officer of Siemens AG, to discuss the company’s forthcoming initiatives and collaborative projects in the Philippines. 

In their meeting, Secretary Pascual highlighted the Philippines as a major data center location in the ASEAN region as it hosts several global hyperscalers for their data storage requirements including Facebook and Google.  He added that Siemens may explore this area by leveraging the country’s data center capabilities for their digital services.

During the meeting, Siemens, through its local subsidiary Siemens Healthcare Inc. (Siemens Healthineers), unveiled its plans to establish the Siemens Healthineers Training Center which is a facility envisioned to respond to the growing need for advanced healthcare services within the ASEAN region. 

The facility is also expected to offer advanced healthcare imaging and cancer care solutions. In addition, Siemens Healthineers aims to inaugurate an Innovation Think Tank to drive innovation in the country in collaboration with the Philippine government and the local academe.

From L to R: House of Representatives Speaker Ferdinand Martin Romualdez, President Ferdinand Marcos Jr., and Department of Trade and Industry Secretary Fred Pascual

Apart from investments, the Philippine delegation also discussed the Asia-Pacific Committee of German Business’s (APA) support for the EU-PH Free Trade Agreement. As the Chairman of the APA, Dr. Bosch also engaged with President Marcos Jr. to advocate for an enhanced bilateral trade and investment between Germany and the Philippines.

The APA is an organization representing German business entities that underscore its support for the EU-PH Free Trade Agreement as this will open up new areas for economic cooperation.

Further, the discussions explored avenues for collaboration in technical upskilling initiatives, and the identification of key sectors for economic partnership, particularly in digital services, renewable energy, infrastructure, and e-mobility.

Siemens’ commitment to the Philippines reflects its presence in the country since 1894, marked by contributions in telecommunications, energy, mobility, and smart building technologies. It is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with a presence worldwide, including the Philippines. In particular, Siemens has participated in the development and operations of Manila’s LRT1 and LRT2.♦

Date of Release: 13 March 2024