President Ferdinand Marcos Jr.’s first six months in office saw pledges of billions of dollars in investments from his foreign travels, a clear sign that the country’s economy is on the right track.
In a radio interview, Senator Francis Tolentino said the diplomatic relations policy of the administration managed to convince foreign investors to do business in the country.
As reported by the Department of Trade and Industry, the President managed to net at least USD23.6 billion from his visits to Indonesia, Singapore, the United States, Cambodia and Thailand.
The President’s recent visit to Brussels, Belgium also secured P9.8 billion in investment pledges.
“Our economy is doing well, especially the agriculture sector. The investment pledges secured by the President were the result of a good diplomatic policy,” Tolentino said.
The report likewise showed that the Board of Investments and the Philippine Economic Zone Authority have a combined approved investment of P402 billion, which could generate around 54,217 jobs for Filipinos.
Tolentino said he expects 2023 to be an even more prosperous year for the Philippines.