MB Daily News Update: Investment bonanza from PBBM foreign trips

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Details of these important stories are but a click away in the MB Daily News Update this Friday afternoon, Dec. 23, 2022.

A report from the Department of Trade and Industry showed that the foreign trips that President Ferdinand “Bongbong” Marcos Jr. embarked on have yielded $23.6 billion in investment pledges.

The President has appointed a former Supreme Court justice as the new chairman of the Development Bank of the Philippines . The Department of Health reported that the Omicron subvariant BF.7 has been detected in the country. It’s the same subvariant that’s been driving the current surge in Covid-19 cases in China.

Balmy and rainy weather is expected in Luzon and the Visayas due to the “amihan” and a low-pressure area . THROWBACK THURSDAY — A hologram of late music icon Francis Magalona is shown together with lead vocalist Ely Buendia as Filipino 90s band Eraserheads performs before an audience of 60,000 at its reunion concert dubbed ‘Huling El Bimbo’ at the SMDC Festival Grounds in Parañaque City on Thursday night, Dec. 22, 2022.

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Marcos Jr.’s trips yield $23.6B in investment pledgesPresident Ferdinand Marcos Jr.’s recent visits to five countries have yielded $23.6 billion in investment pledges, Malacañang said, citing the year-end accomplishment report of the DTI. | DYGalvezINQ DYGalvezINQ pledges? magkano lang kaya ang tunay na marealized na investment dyan…Parang si Digong lang. Ang resulta, naisahan lang tayo ng mga Chinese. DYGalvezINQ it is not possible to count Unilever 4.7B investment. Latak pa sya ng 6B Pesos during PNOY admin in late 2015. 6B at todays value is about 6.7B Pesos na dahil sa inflation and Forex. Pledges takes 2 or 4 Fiscal years to materialize if it is really true. It's like 10% probability DYGalvezINQ This reminds me of the days when Imelda Marcos visited other countries when she was still First Lady. History later revealed she only went ahopping for personal items.
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