Marcos Jr. secures $8.48 billion in business deals from Indonesia trip

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.

These agreements, a result of Marcos' discussions with Indonesian business leaders and investors, are expected to create over 7,000 new jobs in the Philippines.

A significant portion of the deals, USD7 billion, involves infrastructure projects under unsolicited private-public partnerships (PPPs), including an elevated expressway.

Additional investments totaling USD822 million were secured for sectors like textiles, garments, renewable energy, and agrifood.

Furthermore, USD662 million in trade value was committed for the supply of coal and fertilizer.

President Marcos noted the "very enthusiastic" response from Indonesian business leaders regarding investment opportunities in the Philippines.

Indonesian investors have also pledged to expand their existing involvement in the country's economy.