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Philippines gets $13B in Japanese investment pledges

The Philippines got $13 billion in investment pledges and contributions during President Ferdinand R. Marcos, Jr’s five-day trip to Japan.

In his arrival speech on Sunday, the president said the commitments from Japanese companies could create more than 24,000 jobs.

He said he had briefed Japanese business leaders and potential investors during roundtable meetings on “the new and better business climate and investment environment in the Philippines.”

“Key private sector representatives were with me and engaged with Japanese industry giants to seize the economic opportunities now present in the Philippines,” he said. — Kyle Aristophere T. Atienza

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