IMetro Manila (CNN Philippines, December 26)— Since his inauguration, President Ferdinand Marcos Jr.’s foreign visits have garnered around $72.178 billion or ₱4.019 trillion worth of investments which are now in various stages, the Presidential Communications Office (PCO) said on Tuesday, citing reports from the Department of Trade and Industry (DTI).
These investments were said to be in the business and investment promotions, operations, and signed agreements that were already realized and have been consolidated or have been combined as financial items for different sectors in technology, manufacturing, health, energy, and other investment services.
Specifically, the PCO cited that these consist of $205.53M or ₱11.4B in business, investment promotion agency (IPA) registered with operations, $983.21M or ₱54.75B in Business/IPA registered, $5.079B or ₱282.8B in IPA registration in-progress operations.
It added that $9.771B or ₱544.152B is in a signed agreement with clear financial project value, $28.529B or ₱1.588T is in a signed memorandum of understanding/letter of intent (MOU/LOI), and $27.345B or ₱1.522T were confirmed investment not covered by MOUs/LOIs but were in the planning stage.
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Additionally, the PCO said the Department of Trade is also monitoring 20 approved and registered projects that are already in the pipeline for sectors like manufacturing, IT-BPM, renewable energy, data centers, and telecommunications.
Among the investments that are being monitored are Marcos’ gains in nine projects from his trip to ASEAN-Japan Commemorative Summit in Tokyo totaling US$263.08 or ₱14B, and six projects from his visit to the Asia-Pacific Economic Cooperation (APEC) Leaders’ Meeting in San Francisco, California, USA amounting to $672.3 million or ₱37.2 billion.
\”The DTI reported that there were three signed agreements with clear financial project values worth $85.07 million, and six MOU/LOI valued at $178.01 million,\” the PCO added.
Meanwhile, the PCO also listed the US’ APEC investments including $400 million or ₱2.2 billion in telecommunications, $2 million or ₱110 million in artificial intelligence (AI), $250 million or ₱13 billion in manufacturing, $20 million or ₱1.1 billion in health sciences/pharma manufacturing/health services, $300,000 or ₱16 million in energy, and “an undisclosed amount for another investment in health sciences/pharma manufacturing/health services.”
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