President Ferdinand “Bongbong” Marcos Jr. announced that he secured USD 14.36 billion or Php 804.78 billion of investment deals for the Philippines during his state visits to Indonesia and Singapore.

In his arrival speech at the Ninoy Aquino International Airport Terminal 2 on Wednesday night, Marcos said he signed 10 letters of intent and 12 memoranda of agreement (MOUs).

The following are the sectors covered: renewable energy, data centers, e-commerce, broadband technology, start-ups, government housing, and agriculture.

Marcos added that he also witnessed the signing of several letters of intent and MOUs from 22 Indonesian and Singaporean investors.

“These investments, if we put it all together, value USD 14.36 billion or Php 804.78 billion,” he said.

The said deals will support the country’s economic recovery and create more jobs for Filipinos, according to Marcos.

The President also asserted that the business deals are a fulfillment of his promise of pursuing foreign investments to strengthen the economy.

“Ang lahat ng ito ay para sa ating mga kababayan, dito man sa Pilipinas o sa ibang bansa,” he added.

Marcos said he assured all the overseas Filipino workers (OFWs) in Indonesia and Singapore that his administration would “take care” of them even if “they are no longer here in the Philippines.”

He vowed that the government will exert the utmost effort to not put the investment deals to waste.

“Ito ay simula pa lamang, ang pagsasabi ng malalaking negosyo na meron silang balak mag invest sa Pilipinas. Gagawin namin lahat, ang inyong pamahalaan, members ng gabinete na itong nasimulan dito sa state visit ay maging makabuluhan at maitatapos natin hanggang maramdaman na ng pangkaraniwan na taong bayan ang investment na iyan,” he said.

Marcos described his back-to-back state visits as “thoroughly worthwhile”.