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Marcos gets US$6.5 bil investment pledges from Singapore trip

Bloomberg
Bloomberg • 1 min read
Marcos gets US$6.5 bil investment pledges from Singapore trip
The Singapore government also assured 10,000 new job orders for Filipino workers, adding to the 200,000 already working in the city state. Photo: Bloomberg
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Philippine President Ferdinand Marcos Jr. has received US$6.54 billion ($9.20 billion) in investment pledges during his Singapore trip.

The commitments, expected to generate jobs for 15,000 people, include a US$5 billion investment in electric tricycles and US$1.2 billion in floating solar technology, Press Secretary Trixie Cruz-Angeles said in a statement Thursday.

The Singapore government also assured 10,000 new job orders for Filipino workers, adding to the 200,000 already working in the city state, according to the statement. About US$8.5 billion in investment pledges were secured during Marcos Jr.’s visit to Indonesia early this week, the first leg of his first official overseas trip.

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