MANILA (Reuters): The Philippines secured about US$5 billion worth of investment pledges from German and American firms this week in sectors such as healthcare and energy, potentially big wins for the country as it competes with others in the region for foreign capital.
President Ferdinand Marcos Jr, who is on a three-day working visit in Germany, secured US$4 billion worth of investment pledges from German companies, the trade ministry said on Wednesday, on the heels of over US$1 billion in commitments from American firms.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
