Malaysian airline, rail service firm eyeing expansion, investment deals in PH — PCO

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An airline is looking to expand operations and invest $1 billion in the Philippines, while a consortium between a local and Malaysian company is looking to bring in P3 billion worth of rail projects, the PCO said. | GabrielLaluINQ

“Thank you. We’re all very happy that you have such good – you see such good prospects for the Philippines,” President Marcos said during the roundtable discussion with Fernandez that was organized by Pascual.

“We’re excited about what we can do in the Philippines and really stimulate small, medium enterprises… we are excited. We think we can bring a lot of value to the Philippines on logistics,” Fernandez told Marcos. Initial reports said that the deal for railway-related projects could reach up to P3 billion — which is on top of theAccording to PCO, the collaboration agreement between the two publicly-listed companies stated that “the Parties have expressed their desire to engage in railway engineering and maintenance, and other rail-oriented projects in the Philippines in line with the government’s aspiration to modernize the Philippines’ railway network.

 

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