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President Ferdinand Marcos Jr. has secured $8.484 billion worth of investment pledges from his state visit to Indonesia.
Press Secretary Trixie Cruz-Angeles said this covers $822 million in investments in textiles, garments, renewable energy, satellite gateway, wire global technology, and agrifood; $7 billion in infrastructure for unsolicited private-public partnerships such as a C-5 four-level elevated expressway; and $662 million for the supply of coal and fertilizer.
She said the deals will generate at least 7,000 new jobs.
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