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Philippines’ Marcos Gets $4-Billion Investment Pledges From US

Ferdinand Marcos Jr., in New York, on Sept. 23..
Ferdinand Marcos Jr., in New York, on Sept. 23..Photographer: Victor J. Blue/Bloomberg

Philippine President Ferdinand Marcos Jr. secured $4 billion in investment pledges from his US visit, lower than the commitments he got from recent trips to Southeast Asian neighbors.

The investment pledges cover the key information technology and business process sector, as well as data centers and manufacturing, according to a release posted on the Office of the President’s website Thursday. The pledges are expected to generate more than 112,000 jobs, it added.