DTI: Bongbong Marcos foreign trips attract over P300-B actual investments

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MANILA, Philippines — President Ferdinand Marcos Jr.’s foreign trips have generated P300 billion in actual investments, said the Department of Trade and Industry (DTI) on Wednesday.

In a Palace statement, DTI Board of Investments (BOI) Undersecretary Ceferino Rodolfo claimed that the projects were already registered with agencies like the BOI and Philippine Economic Zone Authority.

READ: Palace says Marcos’ trips yield P4 trillion in investments

“Some of these projects have short gestation periods and are already fully-operational and are already employing full-time Filipinos, producing goods or delivering services; and some are already setting up or expanding their facilities – but are nevertheless already employing Filipinos as they already have set-up or expanded their offices and physical presence in the Philippines,” Rodolfo explained.

READ: Marcos travel fund up 58% at P1.408 billion

According to Rodolfo, P227.72 billion worth of investments resulted in eight projects, P44.02 billion went to 11 projects, and P 22.17 billion was actualized in nine projects as of December 21.

The DTI also said that Marcos brought home 200,000 job opportunities during his trips abroad.