ADVERTISEMENT
Manila Bulletin devider Philippines devider National devider Marcos' foreign trips during first 100 days in office promise over 100,000 jobs for Pinoys

Marcos' foreign trips during first 100 days in office promise over 100,000 jobs for Pinoys

Published Oct 7, 2022 04:27 pm

Within the first 100 days in office, President Ferdinand "Bongbong" Marcos Jr. made three foreign trips which are poised to generate over 100,000 jobs for Filipinos.

President Ferdinand 'Bongbong' Marcos Jr. (Photo by Noel Pabalate)

Through secured business commitments from Indonesia, Singapore, and the United States, around 134,285 jobs are expected to be created, Malacañang said.

"In his first 100 days in office, President Ferdinand R. Marcos Jr. secured business commitments worth more than P1 trillion from his official visits to Indonesia, Singapore, and the United States. These business deals are expected to generate around 134,285 jobs," the Office of the Press Secretary said.

During his first official state visit as a head of state in Indonesia, Marcos was able to bag US$ 8.5 billion worth of business deals manifested through memorandum of understanding (MOUs) and letters of intents from various sectors.

Investments from sectors such as textiles, garments, renewable energy, satellite gateway, wired global technology, agrifood, infrastructure, and supply of coal and fertilizer were secured during his visit in the foreign country.

He was there from Sept. 4 to 6.

After his trip to Indonesia, he went straight to Singapore to complete a back-to-back state visit.

In Singapore, Marcos was able to secure US$ 6.5 billion worth of business deals.

Through MOUs and letters of intent, his visit in Singapore produced deals on areas such as renewable energy, blue economy, innovation platform for start-ups, women in technology, data centers, and transportation.

He came back home on Sept. 7, saying his first two trips were "fruitful and engaging."

“These investments if we put it all together value 14.36 billion US dollars or 804.78 billion Philippine pesos. This will support our country’s economic recovery efforts and create more jobs for Filipinos here in our country,” he said, adding that the next move of his administration is to translate these deals to actual gains for the Filipino people.

Finally, his week-long US trip, which, Marcos said, served as a good start for his administration's programs, was able to yield US$ 3.9 billion worth of business deals.

The deals are from the Information Technology and Business Process Management (IT-BPM), data center, and manufacturing of aerospace parts, electronics, consumer goods, battery, and heated cigarettes.

During his arrival on Sept. 25, Marcos said all of the business leaders from different US companies he met have “committed to be a part of our development and economic growth.”

“There will be, I believe, good news to share in the next few months, particularly in terms of their plans to expand and further broaden their investment footprint in our country,” he said.

The Philippine unemployment rate jumped to 5.3 percent in August from 5.2 percent in July.

According to the Philippines Statistics Authority, this translates to 2.68 million jobless Filipinos.

Today, Oct. 7, marks the 100th day of Marcos' presidency.

READ MORE: First 100 Days: Marcos cites unity, engagement, putting out fires as early achievements

Related Tags

Bongbong Marcos President Marcos
ADVERTISEMENT
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1561_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1562_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1563_widget.title }}

{{ item.title }}

{{ articles_filter_1564_widget.title }}

{{ item.title }}
.mb-article-details { position: relative; } .mb-article-details .article-body-preview, .mb-article-details .article-body-summary{ font-size: 17px; line-height: 30px; font-family: "Libre Caslon Text", serif; color: #000; } .mb-article-details .article-body-preview iframe , .mb-article-details .article-body-summary iframe{ width: 100%; margin: auto; } .read-more-background { background: linear-gradient(180deg, color(display-p3 1.000 1.000 1.000 / 0) 13.75%, color(display-p3 1.000 1.000 1.000 / 0.8) 30.79%, color(display-p3 1.000 1.000 1.000) 72.5%); position: absolute; height: 200px; width: 100%; bottom: 0; display: flex; justify-content: center; align-items: center; padding: 0; } .read-more-background a{ color: #000; } .read-more-btn { padding: 17px 45px; font-family: Inter; font-weight: 700; font-size: 18px; line-height: 16px; text-align: center; vertical-align: middle; border: 1px solid black; background-color: white; } .hidden { display: none; }
function initializeAllSwipers() { // Get all hidden inputs with cms_article_id document.querySelectorAll('[id^="cms_article_id_"]').forEach(function (input) { const cmsArticleId = input.value; const articleSelector = '#article-' + cmsArticleId + ' .body_images'; const swiperElement = document.querySelector(articleSelector); if (swiperElement && !swiperElement.classList.contains('swiper-initialized')) { new Swiper(articleSelector, { loop: true, pagination: false, navigation: { nextEl: '#article-' + cmsArticleId + ' .swiper-button-next', prevEl: '#article-' + cmsArticleId + ' .swiper-button-prev', }, }); } }); } setTimeout(initializeAllSwipers, 3000); const intersectionObserver = new IntersectionObserver( (entries) => { entries.forEach((entry) => { if (entry.isIntersecting) { const newUrl = entry.target.getAttribute("data-url"); if (newUrl) { history.pushState(null, null, newUrl); let article = entry.target; // Extract metadata const author = article.querySelector('.author-section').textContent.replace('By', '').trim(); const section = article.querySelector('.section-info ').textContent.replace(' ', ' '); const title = article.querySelector('.article-title h1').textContent; // Parse URL for Chartbeat path format const parsedUrl = new URL(newUrl, window.location.origin); const cleanUrl = parsedUrl.host + parsedUrl.pathname; // Update Chartbeat configuration if (typeof window._sf_async_config !== 'undefined') { window._sf_async_config.path = cleanUrl; window._sf_async_config.sections = section; window._sf_async_config.authors = author; } // Track virtual page view with Chartbeat if (typeof pSUPERFLY !== 'undefined' && typeof pSUPERFLY.virtualPage === 'function') { try { pSUPERFLY.virtualPage({ path: cleanUrl, title: title, sections: section, authors: author }); } catch (error) { console.error('ping error', error); } } // Optional: Update document title if (title && title !== document.title) { document.title = title; } } } }); }, { threshold: 0.1 } ); function showArticleBody(button) { const article = button.closest("article"); const summary = article.querySelector(".article-body-summary"); const body = article.querySelector(".article-body-preview"); const readMoreSection = article.querySelector(".read-more-background"); // Hide summary and read-more section summary.style.display = "none"; readMoreSection.style.display = "none"; // Show the full article body body.classList.remove("hidden"); } document.addEventListener("DOMContentLoaded", () => { let loadCount = 0; // Track how many times articles are loaded const offset = [1, 2, 3, 4, 5, 6, 7, 8, 9, 10]; // Offset values const currentUrl = window.location.pathname.substring(1); let isLoading = false; // Prevent multiple calls if (!currentUrl) { console.log("Current URL is invalid."); return; } const sentinel = document.getElementById("load-more-sentinel"); if (!sentinel) { console.log("Sentinel element not found."); return; } function isSentinelVisible() { const rect = sentinel.getBoundingClientRect(); return ( rect.top < window.innerHeight && rect.bottom >= 0 ); } function onScroll() { if (isLoading) return; if (isSentinelVisible()) { if (loadCount >= offset.length) { console.log("Maximum load attempts reached."); window.removeEventListener("scroll", onScroll); return; } isLoading = true; const currentOffset = offset[loadCount]; window.loadMoreItems().then(() => { let article = document.querySelector('#widget_1690 > div:nth-last-of-type(2) article'); intersectionObserver.observe(article) loadCount++; }).catch(error => { console.error("Error loading more items:", error); }).finally(() => { isLoading = false; }); } } window.addEventListener("scroll", onScroll); });
Join Our Newsletters

Sign up by email to receive news.

© 2025 Manila Bulletin The Nation's Leading Newspaper. All Rights Reserved.