President Ferdinand R. Marcos, Jr. shakes hands with Japan’s Prime Minister Fumio Kishida after a joint press conference in Tokyo, Feb. 9. — COURTESY OF PRESIDENTIAL COMMUNICATIONS OFFICEinvestment pledge for its infrastructure projects from Metro Pacific Investments Corp. Chairman Manny V. Pangilinan and Japan’s Mitsui & Co., according to Malacañang.
Mitsui had committed to investing in the Philippines’ agriculture, infrastructure, renewable energy, and digital transformation, which are among the Marcos government’s priority areas, the Palace said. Some of the deals are “ready to go,” Trade Secretary Alfredo E. Pascual said in a separate PCO release on Sunday.Trade Undersecretary Ceferino S. Rodolfo said they are tracking $10 billion worth of investments from Mr. Marcos’ five-day official visit to Japan.He noted the BoI has already recorded P414 billion worth of registered investment as of Feb. 9, almost half of its P1-trillion investment target this year.
Since he assumed office in July 2022, Mr. Marcos has visited Indonesia, Singapore, United States, Cambodia, Thailand, Belgium, China, Switzerland, and Japan.
This would make a huge change to our current railway system (if they will plan to include it on those infra projects soon)
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