Photo courtesy from Office of the President

The administration of Philippine President Ferdinand R. Marcos Jr. said it has generated PHP 3.48 trillion worth of investments and 116 projects during foreign trips. The Office of the President (OP) said these official engagements have played a significant role in securing these investments, with a number of memoranda of understanding (MOUs) already yielding positive results.

“PBBM highlighted in a meeting with the Department of Trade and Industry (DTI) that some of the memoranda of understanding (MOUs) signed during these official travels have already started to produce results,” the statement said.

“Moving forward, the PBBM administration aims to consolidate all investment pledges and address any obstacles, such as unfavorable regulations, to ensure success,” the OP added.