Ilocos Norte Police Bloodletting Activity Yields 39 Bags

Ilocos Norte Police nag-organisa ng bloodletting event na nagbigay ng 39 bags ng dugo para sa mga pasyenteng nangangailangan ng tulong sa kanilang mga karamdaman.

PCO’s Ruiz To Lensmen: Inspire Action Vs. Climate Change

Sa isang panawagan, si PCO Secretary Jay Ruiz ay humiling sa mga photojournalist na magsagawa ng hakbang laban sa climate change at itampok ang kahinaan ng bansa.

Zamboanga City Boosts Police, Military With 44 Motorcycle Units

Zamboanga City nagbigay ng 44 yunit ng motorsiklo sa mga lokal na pulis at militar para sa kanilang operasyon sa pagpapanatili ng kaayusan.

Iloilo Allots PHP19 Million For PHP20 Rice Program For Undernourished Kids

Iloilo naglaan ng PHP19 milyon para sa programang "Rice Para sa Bayan at 20 Pesos" upang matulungan ang mga batang kulang sa nutrisyon.

Over 8K Jobs Seen From 5 LOIs In PBBM’s Malaysia Trip

The Philippines secures investment pledges from Malaysia, poised to create over 8,000 jobs across various industries.


Over 8K Jobs Seen From 5 LOIs In PBBM’s Malaysia Trip

3
3

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Department of Trade and Industry (DTI) Secretary Alfredo Pascual said the Philippines has received five letters of intent (LOI) from Malaysian businesses during the state visit of President Ferdinand R. Marcos Jr. to the Association of Southeast Asian Nations (ASEAN) country, which can generate over 8,000 jobs.

In a statement Thursday, Pascual said these investment pledges are related to food processing, multi-service digital platforms, aviation, aviation maintenance support service, logistics, manufacturing, infrastructure, and water and wastewater treatment.

“We expect that these will greatly contribute to our pursuit of economic recovery and expansion in the form of 8,365 estimated jobs to be created,” he added.

Earlier, Malacañan Palace reported that Marcos bagged USD285 million worth of investment pledges during his official trip to Malaysia from July 25 to 27.

“We are optimistic that these signed LOIs will materialize in the coming months. It is important to understand, however, that investments are typically long-term commitments rather than immediate action. These often require careful study, planning, and legal processes before they can materialize. We at the DTI remain committed to assisting them in pursuing their investment plans,” the DTI chief said.

One of the LOIs received by the country is from Malaysian dairy company Farm Fresh Bhd., which is expected to pour in additional USD20 million for its cattle breeding project for milk production.

The DTI said the fresh investment will be for another 200 to 400 hectares of land either in Batangas or Laguna, set to be operational by 2028 with an estimated employment of 200.

Before the announcement, Farm Fresh had an ongoing construction of a 6,000-square-meter dairy processing facility in Pampanga.

“With strong partnerships, I see many opportunities for Malaysia and the Philippines to further strengthen our ties in trade and investment,” Pascual said.

Malaysia had been the Philippines’ 10th largest trading partner since 2022.

In the same year, foreign direct investments from the neighboring country surged by 505 percent from the 2021 level. (PNA)