GMA News
Philippines secured US$6.54-B investments from Singapore —Palace
President Ferdinand "Bongbong" Marcos Jr.'s state visit to Singapore has secured investment pledges totaling USD6.54 billion, with the potential to create approximately 15,000 jobs for Filipinos.
The largest investment commitment is USD5 billion for the development of electronic tricycles (e-trikes), which is anticipated to reduce air pollution from millions of traditional tricycles nationwide.
Another significant investment of USD1.2 billion is designated for renewable energy, specifically focusing on the innovative technology of floating solar power.
The third major investment, valued at USD200 million, will establish a data center within the Philippines, aiming to generate employment in the IT and creative sectors.
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See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
President Ferdinand "Bongbong" Marcos Jr. secured Letters of Intent (LOIs) and Memoranda of Understanding (MOUs) worth US$14.36 billion from state visits to Indonesia and Singapore.
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President Ferdinand Marcos Jr. pitched the Philippines as "Asia's rising star" to Singaporean investors, aiming to accelerate post-pandemic economic growth and create more jobs.
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President Ferdinand "Bongbong" Marcos Jr. is set to bring home approximately USD8.48 billion (PHP466.6 billion) in business deals secured during his three-day visit to Indonesia.
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The Philippines and Singapore are aiming for closer cooperation to accelerate their recovery from the Covid-19 pandemic and emerge stronger together.
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President Ferdinand "Bongbong" Marcos Jr. arrived in Singapore for a two-day state visit aimed at aiding the Philippines' post-Covid-19 recovery.
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