NATIONAL
Advocates Philippines
PBBM Attracts $672.3M Investment Pledges At APEC
Photo credit: PCO
President Ferdinand R. Marcos Jr. secured $672.3 million in investment pledges across diverse sectors during his participation in the 30th Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting held last week.
President Marcos brokered commitments in technological advancements for key priority sectors in the Philippines. Notable among these is the agreement for the deployment of the first two Internet MicroGEO satellites dedicated to the Philippines.
The President also secured commitments for the development of Asia’s largest AI-driven weather forecasting program for the Philippines. This initiative, forged through an agreement between the Department of Science and Technology (DOST) and the US-based company, Atmo, aims to enhance the country’s resilience against climate change.
One of the landmark commitments is the establishment of the Philippines’ inaugural specialty oncology hospital.
Ayala Corporation Health and Varian Medical Systems came together to ink an agreement that will enhance service efficiency and accessibility for Filipino patients seeking cancer care.
There is also the agreement for the first US FDA-approved manufacturing facility in the Philippines. This collaboration between Lloyd Laboratories and Difgen is set to bolster the country's global pharmaceutical industry presence.
President Marcos also oversaw the signing of an agreement covering the first phase of a sustainable energy project. This initiative, facilitated by the collaboration between MERALCO and Ultra Safe Nuclear Corporation, aims to provide affordable and reliable power access.
Discussions are also underway for an additional investment of $1 billion in the semiconductor industry, with a focus on strengthening the Philippines’ semiconductor supply chain through collaboration with US companies.
President Marcos brokered commitments in technological advancements for key priority sectors in the Philippines. Notable among these is the agreement for the deployment of the first two Internet MicroGEO satellites dedicated to the Philippines.
The President also secured commitments for the development of Asia’s largest AI-driven weather forecasting program for the Philippines. This initiative, forged through an agreement between the Department of Science and Technology (DOST) and the US-based company, Atmo, aims to enhance the country’s resilience against climate change.
One of the landmark commitments is the establishment of the Philippines’ inaugural specialty oncology hospital.
Ayala Corporation Health and Varian Medical Systems came together to ink an agreement that will enhance service efficiency and accessibility for Filipino patients seeking cancer care.
There is also the agreement for the first US FDA-approved manufacturing facility in the Philippines. This collaboration between Lloyd Laboratories and Difgen is set to bolster the country's global pharmaceutical industry presence.
President Marcos also oversaw the signing of an agreement covering the first phase of a sustainable energy project. This initiative, facilitated by the collaboration between MERALCO and Ultra Safe Nuclear Corporation, aims to provide affordable and reliable power access.
Discussions are also underway for an additional investment of $1 billion in the semiconductor industry, with a focus on strengthening the Philippines’ semiconductor supply chain through collaboration with US companies.
Nov 20, 2023
