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Palace: Marcos’ US trip could generate almost $4B in investments

Malacañang on Thursday said President Ferdinand "Bongbong" Marcos Jr.'s working visit to the United States last week could generate close to $4 billion worth of investments.

In a statement, the Palace said business agreements and commitments secured in the US have an estimated investment value of $3.9 billion and has a potential employment generation of 112,285 jobs.

The investments, according to the Palace, will come from various sectors, including Information Technology and Business Process Management (IT-BPM), data centers, and manufacturing.

The Palace clarified that the estimates would not reflect the full potential of future investments from several companies that Marcos and other officials met in New York.

Some companies had expressed interest in considering new or further investments in the country, but their plans have yet to be finalized, the Palace added.

In his arrival speech on September 25, Marcos said his delegation had hosted four roundtable discussions that dealt with key economic sectors like IT-BPM, digital infrastructure, global brands, industry, and infrastructure.

He also met with the Asia Society wherein he had discussions with several leaders of the US business community regarding the state of the global and regional economy today. — RSJ, GMA News