Tokyo - President Ferdinand R. Marcos Jr.'s recent visit to Japan has resulted in the actualization of investments totaling approximately PHP 169 billion. This was confirmed by Presidential Adviser on Investment and Economic Affairs, Frederick Go, in a press interview during the 50th Commemorative ASEAN-Japan Friendship and Cooperation Summit in Tokyo. According to Philippines News Agency, the Philippines is beginning to see the benefits of President Marcos' diplomatic efforts, both from his visit this month and a previous trip in February.
The Presidential Adviser highlighted the signing of nine new memoranda of understanding (MOUs), valued at PHP 14 billion. Additionally, updates were provided by over 20 companies regarding their investment pledges from the President's February visit. Go emphasized that these pledges have now actualized into PHP 169 billion in investments. President Marcos also mentioned that the Philippine government is set to bring home PHP 14 billion in investment pledges from nine Japanese companies, some of which are expansions of deals signed during his earlier visit. These investments are expected to create approximately 200,000 job opportunities. The President stressed the importance of these new jobs and the diverse sectors involved, including semiconductors, healthcare, and infrastructure.