Manila, Aug. 14 -- President Ferdinand R. Marcos Jr. on Friday described the Pax Silica initiative as a "good deal," saying the Philippines would support arrangements that promote investments and stimulate economic growth.

Speaking at the presidential luncheon hosted by the Foreign Correspondents Association of the Philippines at the Diamond Hotel Philippines in Manila, Marcos said the Philippines is open to partnerships with any country and does not view investment opportunities as an "either-or" choice between nations.

"Whenever someone is interested to come into the Philippines to invest, so long as it is to the mutual benefit of all parties involved, that for us is a good deal. And it is a good deal that we will enter into, no matt...