PRESIDENT Ferdinand “Bongbong” Marcos Jr. has secured $1.3 billion, or over P63 billion worth of investments during his four-day official visit in the United States.
In a speech Thursday, May 4, 2023 , before departing US for London where Marcos will attend the coronation of King Charles III, the President said various US companies committed to either invest or expand their operations in the country, helping its economic recovery efforts.Marcos said these companies are already firming up their investment plans to the Philippines.
"Nevertheless, the interest is a welcome sign of their trust and confidence in the Philippines as an investment destination," he said. “Together, we will be working on addressing some of our key economic challenges, particularly food, energy, and health security, digital connectivity, and the cross-cutting issues of climate change and pandemic preparedness,” he added.
During his visit in the US where he had a bilateral meeting with President Joe Biden, Marcos and his delegation met with companies like Moderna, the maker of a Covid-19 vaccine; Analog Devices Inc., a semiconductor; Maxeon, a global leader in solar technology and innovation; and a call center firm that pledged investment in the country.SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates.