Presidential trips yield $19 B investments - DTI

A total of $19 billion worth of investments pledged during the foreign trips of President Marcos have already been actualized or have commenced implementation as of June this year, according to the Department of Trade and Industry (DTI).

- KEISHA TA-ASAN

Trade Secretary Alfredo Pascual reported that the actualized investments cover 65 projects, higher than the 46 projects reported as of December 2023.

"There are $19-billion (in investments) already cleared and registered (with investment promotion agencies). These investments are under categories four, five and six," he said in a press briefing yesterday.

Pascual said 12 projects worth $328 million were already in the Stage 6 category of investments, which means they have registered with the IPAS and are operating.

Foreign investments that were categorized in Stage 5 of investment stood at $1.6 billion. A total of 21 projects have already registered with the IPAs and operations will begin soon.