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Philippines eyes $100 billion in deals from summit with U.S., Japan

Philippines eyes $100 billion in deals from summit with U.S., Japan

Thursday, April 11, 2024, 09:58 GMT+7
Philippines eyes $100 billion in deals from summit with U.S., Japan
Philippine President Ferdinand Marcos Jr. speaks at a press conference, held with German Chancellor Olaf Scholz (not pictured), in Berlin, Germany, March 12, 2024. Photo: Reuters

MANILA -- The Philippines is eyeing around $100 billion in investment deals in the next five to 10 years from the country's trilateral summit with the United States and Japan, the presidential office said in a statement, quoting its ambassador to Washington.

The investments would cover a range of different sectors including energy and digital infrastructure, the Presidential Communications Office (PCO) said, quoting Philippine Ambassador to the United States Jose Manual Romualdez.

"We're talking about a hundred billion in investments in the next five to ten years," the PCO said, quoting Romualdez.

Philippine President Ferdinand Marcos Jr is in Washington for a first-of-a-kind trilateral meeting with his U.S. and Japanese counterparts.

Reuters

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