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THE visit of President Ferdinand R. Marcos Jr. to Japan has actualized investments of about P169 billion, according to Presidential Adviser on Investment and Economic Affairs Frederick Go.<\/p>\n
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In an interview with the press at the sidelines of the 50th Commemorative ASEAN-Japan Friendship and Cooperation Summit, Go said that the Philippines is now reaping the fruit of President Marcos\u2019 visit to Japan this month and in February this year.<\/p>\n
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\u201cThere were two parts today. The signing of new MOUs (memoranda of understanding), that\u2019s nine new MOUs, with a total value of P14 billion. But more importantly, about 20 plus companies gave updates to the President today, of their pledges from the trip last February,\u201d Go said.<\/p>\n
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\u201cAnd on that part \u2026 P169 billion of actualized investments from the trip earlier this year,\u201d he added.<\/p>\n
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President Marcos said the Philippine government will be bringing home P14 billion worth of investment pledges from nine Japanese companies who have signified their intention to invest in the country.<\/p>\n
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The President said some of the investment pledges are just extensions of the business deals he signed during his earlier visit to Japan in February, generating about 200,000 job opportunities.<\/p>\n
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\u201cMag-expand lang sila ng operations nila. But the more important part is 200 plus thousand new jobs. That\u2019s also an enormous part of that,\u201d the President said.<\/p>\n
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The chief executive said the investments signed on the sidelines of the 50th Commemorative ASEAN-Japan Friendship and Cooperation Summit came from various sectors such as semiconductors, healthcare and infrastructures. <\/p>\n
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