House Speaker and Leyte 1st district Rep. Martin Romualdez hailed the recent state visits of President Ferdinand “Bongbong” Marcos Jr. for generating around $14.36 billion or P804.78 billion in pledged investments from foreign business entities.
“I congratulate the President and all Cabinet members who joined his official delegation for a job well done. The four-day trip turned out to be highly successful and very productive not only in strengthening our bilateral ties with our neighbor-countries but also in attracting much-needed investments for our people,” Romualdez said on Thursday, Sept. 8.
Marcos had just concluded his back-to-back state visits to Indonesia and Singapore, where business entities from the two countries pledged about $8.48 billion and $6.54 billion, respectively.
It is estimated that the investment pledges generated from his visit to Indonesia will create 7,000 jobs in the Philippines while his visit to Singapore will create 15,000 jobs.
READ:
https://mb.com.ph/2022/09/06/marcos-ends-indonesian-visit-trip-more-productive-than-expected/
https://mb.com.ph/2022/09/07/marcos-bags-8-5-b-in-business-deals-during-visit-to-indonesia/
“These investments mean thousands of new jobs for Filipinos here. Singapore officials also assured the Filipino delegation that their country is ready to roll out close to 10,000 new job orders for Filipino workers in Singapore,” Romualdez continued.
“Overall, it’s been a highly successful, very fruitful trip. Aside from the investment pledges, there have been several mutually beneficial agreements on bilateral economic, defense, cultural, and labor and employment cooperation with the host countries,” he said of the state visits.
“Thanks to the President, the Philippines is back on the map for investments and may soon fulfill its goal as Asia’s fastest rising star,” Romualdez concluded.