{"id":534,"date":"2023-02-17T02:18:51","date_gmt":"2023-02-17T02:18:51","guid":{"rendered":"https:\/\/pulsongcavitenyo.com\/?p=534"},"modified":"2023-02-21T03:04:28","modified_gmt":"2023-02-21T03:04:28","slug":"pbbms-foreign-trips-yield-p3-48-t-in-investments","status":"publish","type":"post","link":"https:\/\/pulsongcavitenyo.com\/index.php\/2023\/02\/17\/pbbms-foreign-trips-yield-p3-48-t-in-investments\/","title":{"rendered":"PBBM\u2019s foreign trips yield P3.48-T in investments"},"content":{"rendered":"\n<p><strong>MANILA<\/strong>&nbsp;\u2013 The foreign trips of President Ferdinand R. Marcos Jr. have generated a total of 116 investment projects worth PHP3.48 trillion (USD62.926 billion), Malaca\u00f1ang announced Friday.<\/p>\n\n\n\n<p>The figures were disclosed during Marcos\u2019 meeting with officials of the Department of Trade and Industry (DTI) and the Office of the Presidential Assistant on Investment and Economic Affairs (OPAIEA) at Malaca\u00f1an Palace in Manila on Thursday to discuss the investment pledges his administration was able to secure during his overseas trips.<\/p>\n\n\n\n<p>During the meeting, Marcos, the DTI, and the OPAIEA talked about the details of his foreign travels intended to attract more investments, Presidential Communications Office (PCO) Secretary Cheloy Garafil said in a statement.<\/p>\n\n\n\n<p>Citing DTI Secretary Alfredo Pascual\u2019s report, Garafil said Marcos\u2019 visit to China in January this year yielded the highest investments amounting to USD24.239 billion.<\/p>\n\n\n\n<p>Marcos\u2019 recent trip to Japan, she noted, has generated investment leads worth USD13 billion, followed by Indonesia (USD8.48 billion), Singapore (USD6.54 billion), Thailand (USD4.62 billion), the United States (USD3.87 billion), and Belgium (USD2.20 billion).<\/p>\n\n\n\n<p>\u201cOf the commitments, USD4.349 billion or PHP239 billion have materialized with the companies in various stages of implementation of their projects in the country,\u201d Garafil said. \u201cProjects worth USD29.712 billion or PHP1.7 trillion have existing Memorandum of Understanding (MOU) or Letters of Intent (LOI) while confirmed projects worth USD28.863&nbsp;billion or PHP1.5 trillion are on the planning stage.\u201d<\/p>\n\n\n\n<p>Marcos expressed elation that investment pledges made in his foreign trips are starting to bear fruit, noting that the inauguration of some projects may commence \u201cin the next couple of weeks.\u201d<\/p>\n\n\n\n<p>\u201cWe\u2019re starting to go into the details of all of those MOUs and LOIs that people have seen us witnessing,&nbsp;<em>mga pirma-pirma<\/em>&nbsp;and exchanges<em>&nbsp;sa<\/em>&nbsp;(the signing of agreements and exchanges in) different countries,\u201d Marcos said after the meeting, as quoted by the PCO. \u201cI can already report that some of the MOUs that we signed in Indonesia and in Singapore,&nbsp;<em>mayroon nang resulta<\/em>&nbsp;(already have results). And in fact, I think in the next couple of weeks, we will be starting to inaugurate some of these projects already.\u201d<\/p>\n\n\n\n<p>After Marcos\u2019 five-day working visit to Japan, his latest foreign trip, he said it is time to consolidate all of the investment pledges and determine what needs to be done.<\/p>\n\n\n\n<p>Marcos said several issues besetting the business sector must be resolved, particularly the rules and regulations that are \u201cnot investor-friendly.\u201d<\/p>\n\n\n\n<p>\u201cAnd the next item is going to be, we will have to converge all of the different agencies of government so that we are working off the same plan.<em>&nbsp;\u2018Yun ang gagawin natin<\/em>&nbsp;(That is what we will do) because we have to strike while the iron is hot,\u201d he said. \u201cWe\u2019re moving very quickly to, as I say, make sure that while the Philippines is still top of mind of these investors that we immediately explore those opportunities and take advantage of the contacts that we made during these trips.\u201d<\/p>\n\n\n\n<p>The OPAIEA, headed by Frederick Go, acts as a presidential delivery unit that pursues the President\u2019s priority investment and economic agenda, ensuring the timely delivery of investment projects, trade agreements, and pledges, among others.<\/p>\n\n\n\n<p>In January, Socioeconomic Planning Secretary Arsenio Balisacan said the investment pledges during Marcos\u2019 foreign travels would benefit Filipinos even beyond the President\u2019s term, as these would help create jobs and improve productivity.<em><strong>&nbsp;(PNA)<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 The foreign trips of President Ferdinand R. Marcos Jr. have generated a total of 116 investment projects worth PHP3.48 trillion (USD62.926 billion), Malaca\u00f1ang announced Friday.<\/p>\n","protected":false},"author":1,"featured_media":535,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,19],"tags":[33,32],"class_list":["post-534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-news","tag-marcos","tag-pbbm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PBBM\u2019s foreign trips yield P3.48-T in investments - PULSO NG MAKABAGONG CAVITENO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pulsongcavitenyo.com\/index.php\/2023\/02\/17\/pbbms-foreign-trips-yield-p3-48-t-in-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PBBM\u2019s foreign trips yield P3.48-T in investments - PULSO NG MAKABAGONG CAVITENO\" \/>\n<meta property=\"og:description\" content=\"MANILA \u2013 The foreign trips of President Ferdinand R. 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