Marcos bags $1.3B in investment pledges

by Aric John Sy Cua - Kristina Maralit

May 06, 2023 12:57 am

WASHINGTON: President Ferdinand Marcos Jr. is bringing home at least $1.3 billion worth of investment pledges from his five-day official working visit here.

In a post-visit briefing, the President said the pledges were the result of his engagements with American businesses, several of which are already operating in the Philippines and are looking to expand operations.

U.S. President Joe Biden extends his hand for a handshake with President of the Philippines Ferdinand Marcos Jr. during a meeting in the Oval Office at the White House, May 1, 2023 in Washington, DC. President Biden and President Marcos met to discuss "efforts to strengthen the longstanding U.S.-Philippines alliance. Alex Wong/Getty Images/AFP

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