The Chief Executive made the statement in response to a question regarding potential job possibilities that could result from the $285 million in investment commitments from Malaysian business leaders.
Following his successful three-day tour to Malaysia, President Ferdinand R. Marcos Jr. received $285 million in investment pledges, which he estimates will create over 100,000 new jobs.
We don’t currently have a number because we’re still working on it. Therefore, we must make the assessments. In an interview, President Marcos stated, “But I am talking at the very least tens of thousands if not more, more than 100,000 employment here.
The Chief Executive made the statement in response to a question regarding potential job possibilities that could result from the $285 million in investment commitments from Malaysian business leaders.
Businessmen from Malaysia who were interested in investing in the Philippines’ food processing sector, multi-service digital platforms, aviation, and aviation maintenance support services met with President Marcos. The Chief Executive further emphasised the desire of the business community to invest in the nation’s infrastructure, manufacturing, logistics, and water and waste water treatment facilities.
The investment commitments, according to President Marcos, would undoubtedly result in job possibilities, particularly during the various projects’ construction phases and even during their operational phases.
“The downstream, upstream and the other related jobs will also increase and will maintain that job employment rate. So when we start talking -when we start getting down to the details of the project, we can give you a better number in terms of jobs created,” the president added.
The Department of Trade and Industry (DTI) hosted a round table discussion with Malaysian business leaders on Thursday, and President Marcos attended.