Finance SecretaryFrederick Goon Aug. 16, 2026 dismissed circulating ‘fake news’ that the Philippines is not participating in thePax Silicainitiative. He clarified government engagement and said reports of noninvolvement were inaccurate, urging media and the public to verify sources. Go framed the project as part of a broader strategy to strengthen the country’s tech diplomacy and economic ties, and he promised updates as negotiations progress. Officials will provide documents and timelines to clear misunderstandings and maintain investor confidence.
Beyond refuting false reports, Go stressed thatPax Silicacould help position the Philippines as a regional high-tech hub, opening significant opportunities for artificial intelligence (AI) development, research partnerships, and capital inflows. He highlighted potential benefits for local startups, universities, and multinational investors seeking partnerships in semiconductor research and data infrastructure. Authorities will pursue policies to attract talent and protect intellectual property, aiming to turn participation into sustainable jobs and long-term economic growth while ensuring transparency in negotiations and investor safeguards.
