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

By Thomson Reuters Apr 10, 2024 | 8:14 PM

MANILA (Reuters) – 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.

(Reporting by Mikhail Flores; Editing by Kanupriya Kapoor)