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DTI says some investment pledges from Marcos’ Japan trip are ‘ready to go’

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The DTI has asserted that not some investment pledges obtained during the five-day official visit of President Ferdinand Marcos Jr. to Japan “are ready to go.” | GabrielLaluINQ

Pascual cited the deal with TMPC, which aims to bring back the vaunted workhorse Tamaraw FX. He said this is already in the works.

“For example Toyota, right, they presented something. They are saying they are going to introduce the utility vehicle, the old Tamaraw and they have designed it so that they have the flexibility of serving the various Filipino families from simple transport needs to business needs,” he said. “I think that one is progressing well and should be starting. They probably have started the final plans to make the investments,” he added.One of the key criticisms hurled at President Marcos over his foreign trips is that investment pledges do not automatically translate to jobs or income for the country, as these are mere intentions and without a legally-binding contract.

But administration officials and allies have maintained that Marcos received a warm reception in Japan during his official visit, which they believed means there is a high chance that the investment pledges will bear fruit. Even Marcos believed that the effects of the investment pledges he clinched in Japan would be felt in the Philippines very soon.

 

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Marcos’ Japan trip gets around P500 billion worth of investment pledges — DTIThe Philippine government acquired investment pledges worth $10 billion or around P550 billion during President Ferdinand Marcos Jr.’s visit to Japan, according to the Department of Trade and Industry’s tracking. | JMangaluzINQ JMangaluzINQ Again a pledge is equivalent to 0 JMangaluzINQ So kung sakaling magkatotoo ung pledges MAY MANANAKAW NNAMAN ANG MARCOS JUST LIKE THE OLD MAN! JMangaluzINQ A foreign investor who is seeking investment in Ph should be keen on risks provided by our increasing rate of inflation. Foreign direct investments enhances job creation, increases income and stronger purchasing power among locals for a stronger economy.
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