The recent participation of President Ferdinand 'Bongbong' Marcos Jr. in the 30th Asia-Pacific Economic Cooperation (APEC) Economic Leader's Meeting last week has earned the country at least $672 million worth of investment commitments, according to Malaca&ntilde;ang.
In a statement on Monday, the Palace share a breakdown of the amount of investment pledges secured in the following industries:
<ul>
<li>Telecommunications - $400 million</li>
<li id="ATS_res_mid2">Semiconductor and electronics - $250 million</li>
<li>Pharmaceutical and healthcare - $20 million</li>
<li>Artificial intelligence (AI) for weather forecasting - $2 million</li>
<li>Renewable energy - $0.3 million</li>
</ul>
Aside from this, Marcos also signed agreements between American and Filipino firms for the healthcare industry, particularly the planned hospital for cancer patients.
A manufacturing facility envisioned to boost the country&rsquo;s position in the pharmaceutical industry is also in the pipeline, the Palace added.&nbsp;

you might like

PBBM secures $672-M investment pledges from APEC participation, says Palace