Marcos secures more than $672-M investment pledges following APEC Summit 2023

HONOLULU, Hawaii - President Ferdinand "Bongbong" Marcos Jr. has secured $672,300,000 worth of investment pledges from various sectors following his participation in the 2023 APEC Summit.

The Presidential Communications Office on Monday (PH time) said these pledges include $400 million for the telecommunications sector; $250 million for semiconductor and electronics; $20 million for pharmaceutical and healthcare; $2 million for artificial intelligence (AI) for weather forecasting; and $0.3 million in renewable energy.

Marcos also secured significant commitments in technological advancements across key priority sectors in the Philippines, which include the deployment of the first two Internet MicroGEO satellites dedicated to the country. —KG, GMA Integrated News