President to bring home P14-B investment pledges from Japan

Bongbong Marcos to bring home P14-B investment pledges from Japan

By: - Reporter / @JMangaluzINQ
/ 06:10 PM December 18, 2023

TOKYO, Japan — President Ferdinand Marcos Jr. is set to bring home an estimated P14-billion worth of new investment pledges following his trip to Japan for the Association of Southeast Asian Nations (Asean) – Japan Summit.   

In a media interview, Marcos said that nine companies have expressed their intention.  

“Nine companies, but to the value of P14 billion. But some of these are extensions of the already existing contracts,” Marcos said. 


READ: Japan to top up fiscal loans, investments to boost supply chain


According to the President, these nine companies will just expand their operations. 

In addition to the P14 billion, Marcos also said that upon following up pledges from his last trip to Japan, the Philippines now has a total of P771.6 billion of Japanese investment pledges.    

READ: Palace to review 2024 budget for insertions

“I am delighted to know that the letters of intent signed last February 2023 and those signed today now aggregate P771.6 billion or about US$14 billion in pledges from Japanese investors – expected to generate approximately 40,000 jobs,” said the President. 

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TAGS: Ferdinand Bongbong Marcos Jr., Global Nation, Investment, Japan

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