President Ferdinand Marcos Jr. brought home of P804.78 billion or US$14.36 billion in investments from his trip to Indonesia and Singapore.
Marcos himself announced the acquisition of investments by the Philippines when he arrived at the Ninoy Aquino International Airport Terminal 2, Pasay City, last Wednesday night.
The President is proud to have signed and sealed a total of 10 Letters of Intent and 12 MOUs [memoranda of agreement] in the sectors of: renewable energy, data centers, e-commerce, broadband technology, start-ups, government housing, and agriculture, and witnessed the signing of several Letters of Intent and MOU from ?22 Indonesian and Singaporean investors.
If put together, he said it will cost USD14.36 billion or P804.78 billion and will support the country’s economic recovery efforts and create more jobs for Filipinos.
The President announced that his visit to the two aforementioned countries was beneficial. He also promised that the government would not stop until ordinary Filipinos felt these economic gains.
The President also assured OFWs in Indonesia, Singapore, and other parts of the world, that his administration would take care of them.
Marcos brings home P804.78 billion in investments
“Kahit na wala sila dito sa Pilipinas, sinisigurado ng ating pamahalaan na aalagaan pa rin natin sila. Our kababayans continue to be a source of pride as they demonstrate to the world that Filipinos excel at whatever endeavor they choose to undertake,” he said.
It can be remembered that Marcos first went to Indonesia on Sept. 4-6 and to Singapore from Sept. 6-7.
Four economic, cultural, and defense agreements were signed between the governments of the Philippines and Indonesia during the first state visit of President Ferdinand “Bongbong” Marcos Jr. to the said country.
The four agreements were presented to Marcos and Indonesian President Joko Widodo at Istana Bogor, where they both gave statements.
Among the four are the Plan of Action between the Philippines and Indonesia from 2022 to 2027; the Memorandum of Understanding related to cultural cooperation; the Agreement on Cooperative Activities in the field of defense and security between the government of the Philippines and Indonesia; and fourth is the Memorandum of Understanding for Cooperation in the Development and Promotion of Creative Economy.
Visit our Facebook page for more news updates.