Article by:
Ruth Abbey Gita-Carlos
NEW YORK CITY – President Ferdinand R. Marcos Jr. on Tuesday (New York time) said he met with senior leaders of financial services firm J.P. Morgan to discuss economic cooperation and key global developments affecting international financial markets.
Marcos and J.P. Morgan's senior executives met on Monday on the sidelines of his United Nations engagements.
Speaking to reporters at The Pierre, A Taj Hotel here in New York, United States, Marcos said the meeting focused on the current state of the global economy, particularly amid rising geopolitical tensions and market uncertainties.
Marcos noted that discussions centered on how ongoing geopolitical developments are influencing global oil prices and the broader economic implications for both advanced and emerging economies.
“The conversation covered heightened geopolitical tensions and their impact on global oil prices, as well as the broader implications for both advanced and emerging nations,” he said.
Marcos added that he and J.P. Morgan senior executives stressed the importance of continued cooperation and open communication in navigating the challenges posed by shifting global economic conditions.
He said officials from J.P. Morgan also shared 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 emphasized that technological readiness, cybersecurity resilience, and workforce upskilling will be critical factors for countries aiming to remain competitive in a fast-changing global environment. (PNA)
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