Marcos: Deals inked during travels have materialized

by HELEN FLORES Philstar.com

MANILA — Investment deals amounting to $4.349 billion or P239 billion secured during President Marcos’ foreign trips “have materialized.” Marcos said various memoranda of understanding (MOU) and letters of intent (LOI) between the Philippines and the host countries he visited since last year are now being fleshed out by concerned agencies and sectors.

“So we’re starting to go into the details of all of those MOUs and LOIs that people have seen us witnessing the signing of agreements and exchanges in different countries,” Marcos said during his meeting with officials of the Department of Trade and Industry and Office of the Presidential Assistant on Investment and Economic Affairs (OPAIEA) at Malacañang on Thursday, Febriuary 16. “I can already report that some of the MOUs that we signed in Indonesia and in Singapore already have results. And in fact, I think in the next couple of weeks, we will be starting to inaugurate some of these projects,” the Chief Executive said. In his report to the President, Trade Secretary Alfredo Pascual said a total of 116 projects worth $62.926 billion or P3.48 trillion were generated from Marcos’