President Ferdinand "Bongbong" Marcos Jr. secured over $672.3 million in investment pledges during the 30th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting in San Francisco.
These pledges cover sectors including telecommunications, artificial intelligence for weather forecasting, semiconductor and electronics, pharmaceutical and healthcare, and renewable energy.
Commitments include the deployment of the Philippines' first two dedicated Internet MicroGEO satellites and the development of Asia's largest AI-driven weather forecasting program.
The Philippines will also establish its first specialty oncology hospital through an agreement between Ayala Corporation Health and Varian Medical Systems.
Additionally, the first US Food and Drug Administration-approved manufacturing facility in the Philippines will be established through an agreement between Lloyd Laboratories and Difgen.
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