The Department of Trade and Industry (DTI) unveiled a staggering P4.019 trillion or $72.178 billion in investments across various stages resulting from the foreign visits of President Marcos.
As of its monitoring on Dec. 21, the DTI indicated that the P4-trillion investment portfolio comprises 148 projects.
The breakdown of these investments includes business operations registered with investment promotion agencies (IPA) valued at P11.4 billion, IPA-registered business operations at P54.75 billion, IPA registration in progress operations at P282.8 billion.
Additionally, signed agreements with clear financial project values at $9.771 billion or P544.152 billion, memoranda of understanding/letters of intent (MOU/LOI) at US$28.529 billion P1.588 trillion, and confirmed investments not covered by MOUs/LOIs, still in the planning stage at P1.522 trillion were also included in the breakdown.
The DTI is actively monitoring an additional 20 projects that have received approval and registration from the IPAs of the DTI, Board of Investments (BOI), and the Philippine Economic Zone Authority (PEZA).
These investments, both realized and in progress, predominantly fall within the manufacturing, IT-BPM, renewable energy, data centers, and telecommunications sectors, according to the trade department. Charles Dantes
Moreover, business engagements during President Marcos’s visit to Japan for the ASEAN-Japan Commemorative Summit have been factored into the monitoring, contributing $263.08 million or P14 billion to the total value and introducing nine investments to the overall project count.