JAKARTA - President Ferdinand Marcos Jr. will bring home $8.48-billion worth of pledged investments after his 3-day state visit to Indonesia, Malacañang said on Tuesday.
The amount was computed based on the “summary of memorandums of agreement and letters of intent signed at the Jakarta Business Roundtable Meeting on September 5, 2022,” Press Secretary Trixie Cruz-Angeles said in a statement.
The investment pledges for the Philippines from Indonesia’s business community are as follows:
$822 million in investments to textiles, garments, renewable energy, satellite gateway, wire global technology, and agrifood
$7 billion in infrastructure for unsolicited private-public partnerships such as a C-5 4-level elevated expressway
$662 million trade value for supply of coal and fertilizer.
“We anticipate that these will generate at least 7,000 new jobs,” Cruz-Angeles said.
Source: ABS-CBN News
September 09, 2022
