The US has pledged to invest $3.9 billion, creating 112K new employment.

BY SAMUEL P. MEDENILLA SEPTEMBER 30, 2022
The commercial transactions that President Ferdinand R. Marcos Jr. closed during his working visit to the US last week would result in the creation of almost 112,000 new employees.

Malacanang stated that this was the first expected number of job openings to be produced by the alleged visit's estimated $3.9 billion in investments.
The Palace stated in a press release on Thursday that "these investments will come from diverse sectors such as Information Technology and Business Process Management [IT-BPM], data centers, and manufacturing."

The identities of the US-based businesses that will be investing in the nation have not yet been released by the Palace as of the time of this writing.

It is hoped that the investments mentioned above would rise if the other unfinished business arrangements started during Marcos's visit to the US are completed.

To entice more international investors to the US, Marcos spoke with some businesses and business organizations there last week.
In addition to aiding in the development of the government's priority sectors, such as information technology-business process management, digital infrastructure, garments and apparel, industry, and infrastructure, he noted that the new investments will be essential in local pandemic recovery initiatives.

Marcos also gave the assurance that the government will enact laws and regulations that would be advantageous to both domestic and international enterprises.

According to the President, due to its anticipated economic development and solid economic foundations, the nation is still a "good investment choice" in Asia.

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