Marcos Jr. secures $1.53B in Australian investments

Updated Thu, March 7, 2024 at 8:55 AM Published Mon, March 4, 2024 at 8:57 AM

President Ferdinand "Bongbong" Marcos Jr. secured $1.53 billion in investments from Australian companies during his visit to Melbourne for the ASEAN-Australia Special Summit.

These investments encompass 12 business agreements across various sectors, including renewable energy, clean technology, recycling solutions, housing, IT-BPM infrastructure, medical devices, and digital health services.

The Australian government identifies the Philippines as a priority for investment in agriculture and food, education and skills, resources, and green transition.

President Marcos Jr. views this strong interest as confirmation that the Philippines is on the right track to becoming a hub for smart and sustainably-driven manufacturing and services.

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