Karagadagang investment pledges, iniuwi ng Pilipinas mula sa mga pulong sa Japanese business community
Karagadagang investment pledges, iniuwi ng Pilipinas mula sa mga pulong sa Japanese business community
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00:00 President Ferdinand R. Marcos Jr. has returned home after his visit to the 50th ASEAN-Japan Commemorative Summit.
00:08 In the arrival speech of the President, he announced the additional investment pledges
00:14 from the assistance of the Japanese business community.
00:18 The details are in the report of Kenneth Paciente.
00:25 The promises of the country's leadership that were made on the first visit of President Ferdinand R. Marcos Jr. to Japan in February
00:33 were not in vain. The executive board shared that the business commitments that were signed were not just pledges.
00:40 According to the President, from the P757 billion investment pledges,
00:45 P169.7 billion was invested in the country,
00:50 which resulted in the completion of almost 10,000 jobs.
00:55 This was added to the new investments that the President received after the series of sidelines of the ASEAN-Japan Commemorative Summit.
01:03 Nine new letters of intent and MOUs were signed during this visit,
01:08 valued at P14.5 billion in investments and over 15,750 additional jobs for our workers.
01:17 So, in total, the Philippines received more than P770 billion in pledges from Japanese investors.
01:26 This significant investment is anticipated to create around 40,200 jobs,
01:32 marking a positive and promising development for our collaborative efforts.
01:37 But aside from the economic talks, President Marcos Jr. also helped in the economic talks
01:43 resulting in a partnership between the DANR and the Ministry of the Environment of Japan
01:49 for the strengthening of environmental protection.
01:52 The Memorandum of Cooperation was also signed on the coastguards of the two countries,
01:57 which, according to the President, will serve as a way to strengthen the relationship between Japan and the Philippines.
02:02 The President also encouraged the country's initiatives to push the clean energy transition
02:08 and the implementation of the ASEAN-Japan Commemorative Summit.
02:13 I highlighted our experience in promoting clean energy projects
02:17 such as the first wind farms in Southeast Asia in 2003 during my term as Governor of Ilocos Norte.
02:24 And I invited ASEC partners, including Japan, to invest in the Philippine renewable energy industry
02:31 to achieve not only the intention of the ASEC but also the overall goal of the Paris Agreement.
02:38 The President's partnership in the Commemorative Summit was also productive
02:42 for the 50th anniversary of cooperation between ASEAN and Japan,
02:47 where he emphasized the importance of the existence of peace, security, and stability in the region,
02:54 and he also encouraged ASEAN leaders to have a rules-based Indo-Pacific region
02:59 that is anchored in the UN Charter and Treaty of Amity and Cooperation in Southeast Asia.
03:05 We highlighted the need to promote respect for sovereignty and territorial integrity,
03:10 settlement of differences or disputes by peaceful means, and renunciation of the threat or use of force.
03:17 The Executive Board also convened a summit to give Japan's intentions
03:22 to promote friendship in ASEAN, including the Japan-East Asia Network of Exchange for Students and Youths,
03:28 or GENESIS Program, which it has been supporting since 2007.
03:33 It also became a platform for Japan to discuss its role in the Philippine economy and in the countries in ASEAN
03:40 in terms of promoting peace and security, trade and investment, climate action, energy security, and others.
03:48 President Marcos Jr. also assured that the country will continue to support
03:52 ASEAN's programs, projects, and initiatives for the development of the region.
03:57 My administration will see to it that our constructive engagements with ASEAN,
04:02 our external partners, our stakeholders will continue to best serve our national interests
04:08 inasmuch as we promote the regional interest of peace and prosperity for the well-being of our people.
04:16 Without a doubt, this summit reaffirmed the robust and enduring character of ASEAN-Japan relations.
04:24 Kenneth, patient for the people.