Philippine News Agency
Marcos US visit yields $1.3-B investment pledges, 6.7K jobs
President Ferdinand "Bongbong" Marcos Jr. announced that the Philippines secured $1.3 billion in investment pledges during his official visit to the United States.
These pledges have the potential to create approximately 6,700 new jobs for Filipinos.
Marcos met with various US companies, including solar firm Maxeon, which plans to invest $900 million in the country's solar energy sector, potentially providing over 3,000 jobs.
He expressed optimism that more investments would materialize once these pledges are finalized, seeing the interest as a sign of trust and confidence in the Philippines.
Marcos highlighted that his administration would work with these investors to address key economic challenges such as food, energy, and health security, digital connectivity, and climate change.
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Speaker Ferdinand Martin G. Romualdez lauded President Ferdinand R. Marcos Jr.'s US visit for securing significant investments and job opportunities for Filipinos.
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Solar firm Maxeon is planning a substantial investment of approximately $900 million in the Philippines to expand its solar energy operations.
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The Philippine Economic Zone Authority (PEZA) believes President Ferdinand R. Marcos Jr.'s foreign trips bolster investor confidence and enhance the Philippines' image as an investment hub.
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President Ferdinand Marcos Jr. is set to visit Washington to advance the Philippines' economic agenda, focusing on agriculture, food security, infrastructure, and renewable energy, alongside discussions on defense and security.
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President Ferdinand "Bongbong" Marcos Jr. met with US President Joe Biden at the White House, reaffirming the Philippines' alliance with the US and discussing regional matters.
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