Metro Manila (CNN Philippines, November 20) — President Ferdinand Marcos Jr. has reaped investment commitments worth over $672 million from his participation in the 30th Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting last week, according to Malacañang.

In a statement on Monday, the Palace provided a breakdown of the amount of investment pledges secured in the following industries:

Telecommunications – $400 million
Semiconductor and electronics – $250 million
Pharmaceutical and healthcare – $20 million
Artificial intelligence (AI) for weather forecasting – $2 million
Renewable energy – $0.3 million

Also highlighted were the agreements between American and Filipino firms for the healthcare industry, particularly the planned hospital for cancer patients.

READ: PH, US firms ink deals to build first cancer hospital, boost medicine production

A manufacturing facility envisioned to boost the country’s position in the pharmaceutical industry is also in the pipeline, the Palace said.