PBBM touts $9.8B investment pledges from Brussels trip

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The Philippines has garnered an estimated $9.8 billion in investment pledges from European leaders and business officials, President Ferdinand Marcos Jr. said Thursday night as he arrived in Manila from Belgium, where he attended an Association-- READ:

Jr. said Thursday night as he arrived in Manila from Belgium, where he attended an Association of Southeast Asian Nations and the European Union business summit.President Ferdinand Marcos Jr. delivers his arrival speech Thursday at the international airport lounge upon his return to the country following a three-day trip to Belgium.

President Marcos had bilateral meetings with the King of Belgium, leaders from Estonia, the Czech Republic, Spain, Denmark, Germany, Poland, Finland, the Netherlands, and the European Union. ECCP is a bilateral foreign chamber that promotes European interests in the Philippines as well as Philippine interests in Europe.

House Speaker Martin Romualdez, the President’s cousin, earlier said Mr. Marcos got the cold after the latter decided to skip a scheduled media briefing on Tuesday in Brussels. “I would like to assure you that the Philippine government will continue to provide support for businesses and investments to continuously grow and prosper,” he said in a speech during the Philippines-European Union Business Roundtable in Brussels.

The measure requires government agencies and local government units to process, in the case of a simple transaction, a permit or license application in a period no longer than three working days, while in the case of highly technical transactions, 20 days from the date of receipt.“We have a sizable population of 107 million Filipinos and our labor force stands at 50 million,” he said.

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