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The country’s economy is clearly on the right track as seen by the billions of dollars in investment commitments made during President Ferdinand R. Marcos Jr.’s first half of office from his international visits.
Senator Francis Tolentino claimed in a radio appearance on Saturday that the administration’s approach to diplomatic relations was successful in luring foreign investors to the nation.
The President managed to make at least USD23.6 billion from his trips to Indonesia, Singapore, the United States, Cambodia, and Thailand, according to the Department of Trade and Industry.
During the President’s most recent trip to Brussels, Belgium, investment pledges of PHP9.8 billion were also made.
“Maganda ang takbo ng ating ekonomiya, especially in the agricultural sector. The investment commitments that the governing Pangulo has made have been a success in terms of diplomacy, especially in the agriculture industry. The President’s investment commitments were the outcome of sound diplomatic strategy),” Tolentino remarked.
The research also revealed that a total investment of PHP402 billion has been approved by the Board of Investments and the Philippine Economic Zone Authority, which might result in the creation of 54,217 employment for Filipinos.
Tolentino anticipates that the Philippines will see even greater prosperity in 2023.
According to Tolentino, the head of the Blue Ribbon Committee, the 197-page study on the allegedly dishonest laptop purchase by the Department of Education’s Procurement Service Department of Budget and Management will be made public in January.
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