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Manila Bulletin devider Philippines devider National devider Investment pledges from Malaysia can produce 100,000 jobs—Marcos

Investment pledges from Malaysia can produce 100,000 jobs—Marcos

Published Jul 28, 2023 05:03 am
Over 100,000 job opportunities are expected to be generated once the $285-million investment pledges from Malaysia materialize. President Ferdinand 'Bongbong' Marcos Jr. (Ali Vicoy)
“We don’t have a number as yet because we – kakapirma lang (just signed it). So, we will have to make the assessments. But I’m talking at the very least tens of thousands if not over, more than 100,000 jobs here,” Marcos said in a post-state visit briefing in Kuala Lumpur on Thursday, July 27. Marcos said the investment commitments from Malaysian businesses can go up to [$285 million from key sectors such as agriculture, transportation, and technology](https://mb.com.ph/2023/7/27/ph-gains-235-m-investment-pledges-from-malaysia). The President met with Malaysian business leaders on Thursday who expressed intention to invest in the food processing industry, multi-service digital platforms, aviation and aviation maintenance support services in the Philippines. The chief executive also emphasized that the business leaders wanted to invest in the logistics, manufacturing, infrastructure, water and wastewater treatment facilities in the country. Marcos explained that the investment commitments would surely generate job opportunities especially during the construction phase of the various projects, and even during the operational phase. “The downstream and upstream jobs will also increase and will maintain that job employment rate. So, when we start talking – when we start getting down to the details of the project, we can give you a better number in terms of jobs created,” he said.

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Bongbong Marcos investment pledge PBBM in Malaysia jobs President Marcos
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