Metro Manila (CNN Philippines, September 7) — President Ferdinand “Bongbong” Marcos Jr. said his state visits to Indonesia and Singapore have lured investment commitments amounting to $14.36 billion or ₱804.78 billion.
“My inaugural state visits to our two important ASEAN neighbors were fruitful and engaging,” he said during a speech shortly after his plane landed at the Ninoy Aquino International Airport Wednesday evening.
READ: PH, Singapore sign deals on counterterrorism, digital cooperation
READ: Marcos sees strong partnership with Indonesia
Aside from the expected bilateral deals with the two countries, Marcos said he also witnessed the signing of several letters of intent and agreements from 22 Indonesian and Singaporean investors.
“These investments if we put it all together value $14.36B or ₱804.78 billion,” he said.
“This will support our economic recovery efforts and create more jobs for Filipinos here in our country,” the President added.
Marcos said the investment pledges cover the following sectors: renewable energy, data centers, e-commerce, broadband technology, startups, government housing, and agriculture.
He also reiterated that his administration would continue to pursue foreign investments to help bolster the Philippine economy.
