PBBM eyeing to bag P6.2-B investments in EU-Asean Commemorative Summit

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PRESIDENT Ferdinand R. Marcos, Jr. is eyeing to secure at least P6.2 billion worth of investments and hold 10 bilateral talks during his trip to Belgium next week for the European Union-Association of Southeast Asian Nation (EU-ASEAN) Commemorative Summit.

In a press conference on Friday, Department of Foreign Affairs (DFA) Assistant Secretary Daniel Espiritu disclosed the President will meet with multinational consumer goods company, Unilever in the trip for the possible construction of a new state-of-the-art manufacturing facility for personal care products in Cavite province.

“This is for expansion of investments to the tune of P4.7 billion. Now it is expected to generate at least 130 projected employment for the Philippines,” Espiritu said.

Marcos will also speak with a shipbuilding and navigation and logistics company, which is considering building a shipyard with an investment of P1.5 billion in the country.

If finalized, it will create 500 to 600 direct and indirect jobs.

The President will also have speaking engagements with infrastructure and renewable energy company, and a wholesale market and international logistics hub management company.

He will also participate at the C-Suite or CEO Suite Luncheon for the EU-ASEAN Business Summit and at the 10th ASEAN-EU Business Summit during his trip to Belgium.

“Hopefully, for this networking, the Filipino businessmen will be able to come up with deals with their European counterparts,” Espiritu said.

He will also hold bilateral talks with Belgium, Estonia, Czech Republic, Spain, Denmark, Germany, Poland, Finland, Netherlands,  and the European Union.

“So this will be a very busy trip for the President, and we hope that this will redound to a lot of benefits for the Filipino people, not only for ASEAN,” the DFA official said.