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Manila Bulletin devider Philippines devider National devider Romualdez impressed as Marcos bags $4-B investments from Germany 

Romualdez impressed as Marcos bags $4-B investments from Germany 

Published Mar 13, 2024 08:53 am

At A Glance

  • House Speaker Martin Romualdez sounded impressed as he commended President Marcos for securing investment deals worth at least $4 billion during his ongoing working visit to Germany. 

20240313_164859.jpgHouse Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office, BBM Media Bureau)

 

 

 

 

 

 

 

 

House Speaker Martin Romualdez sounded impressed as he commended President Marcos for securing investment deals worth at least $4 billion during his ongoing working visit to Germany. 

The investment deals include three letters of intent (LOI) from different German companies, two memoranda of agreement, and three memoranda of understanding (MOU).

“This accomplishment not only reflects President Marcos's dedication to advancing our nation's economic growth but also underscores his steadfast commitment to serving the Filipino people,” said Romualdez, who is part of the President’s official delegation to the European nation. 

Romualdez stressed that the infusion of these investments into various sectors of the Philippine economy will undoubtedly spur job creation, stimulate innovation, and enhance productivity. 

He added that these investments will enable the country to modernize critical infrastructure, bolster key industries, and address pressing socio-economic challenges, thereby improving the quality of life for all Filipinos. 

“With the global economy becoming increasingly interconnected, attracting foreign investments is paramount to driving sustainable development and fostering prosperity in the Philippines. President Marcos's successful negotiations in Germany signal a vote of confidence from the international community in our country's economic potential and stability,” said Romualdez. 

Romualdez heads the 300-plus strong House of Representatives, which for much of the 19th Congress has pushed for revisions to the restrictive economic provisions of the 1987 Constitution. 

Doing so will open up the Philippines to more foreign direct investments (FDIs), the proponents said.

Related Tags

Germany Martin Romualdez President Marcos
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