BBM secures $672-M investment pledges from APEC meet

By Kristina Maralit

Nov 21, 2023 12:14 am

(UPDATE) PRESIDENT Ferdinand Marcos Jr.'s participation in the 30th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting resulted in more than $672 million in investment pledges from various sectors, Malacañang reported on Monday.

The investments include $400 million for the telecommunications sector; $250 million for semiconductor and electronics; $20 million in pharmaceutical and health care; $2 million for artificial intelligence (AI) for weather forecasting; and $0.3 million in renewable energy.

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