BusinessWorld E-paper
March 14, 2024
GERMAN COMPANIES on Tuesday pledged $4 billion (P220 billion) worth of investments to the Philippines, President Ferdinand R. Marcos, Jr.’s office said, as the Southeast Asian nation seeks to boost economic ties with “like-minded” nations.
Mr. Marcos hopes companies to cut risk and diversify their supply chains amid geopolitical tensions would consider the Philippines, which has been behind its regional peers in attracting foreign direct investments (FDI).
