President Ferdinand Marcos Jr.’s three-day state visit to Malaysia has hastened the finalization of a P3 billion collaboration on rail-oriented projects between Manila and Kuala Lumpur and a $1 billion investment pledge for the expansion of Air Asia--
of the 3rd Asia-Pacific Economic Cooperation Business Advisory Council Meeting at the NUSTAR Convention Center in Cebu City on Friday. Joey Razon
“We’re all very happy that you have such good – you see such good prospects for the Philippines,” he said. “So, over the next few years, we think we’ll invest about one billion US dollars into the Philippines. We have about $300 million so far. We want to grow our aircraft from 23 to 50 including wide-body aircraft…We are just applying for the license now,” he added.
“Literally, because of the visit, the President’s presence in KL [Kuala Lumpur] hastened the progress of this agreement and three billion will be pledged for investments into the Philippines,” Speaker Marti Romualdez said.
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