Marcos to bring home 35 investment pledges from first state visit to Japan

MANILA — The Philippines has clinched 35 investment pledges from Japanese companies looking to expand their business portfolio in the country.

President Ferdinand “Bongbong” Marcos, Jr. on Friday, February 10 witnessed the signing of 35 letters of intent between the governments of Philippines and

Japan, as well as Japanese firms. Letters of intent signify foreign companies’ interest in investing or expanding operations in the Philippines. They may or may not translate to actual foreign direct investments in the future. The business pledges, which are projected to

by TYRONE JASPER C. PIAD Inquirer.net

PLDT Inc. and its top executives, including Manuel V. Pangilinan, are facing class action lawsuits in the United States arising from the P48-billion budget mess, which disgruntled investors blame for the drop in the telco giant’s share prices that in turn caused trading losses.

In a document obtained by the Inquirer, investor Sophia Olsson filed on behalf of other plaintiffs—which can be “hundreds, if not thousands”—the case in the U.S.

District Court, Central District of California this week. Olsson and the other investors—who purchased PLDT securities between Jan. 1, 2019 and Dec. 19, 2022, referred to as the class period or time when the alleged crime transpired—are represented by The Rosen Law Firm, P.A. Law firms Bernsteid Liebhard LLP and Robbins LLP likewise filed class action suits, according to their separate notices.

The plaintiffs, led by Olsson, are demanding compensation for damages the