PH receives P11B investment pledge from Dyson

Transcript

00:00 Each foreign trip the President takes never yields an empty bag upon his return home.

00:05 His latest Singapore jaunt for the 10th Asian Summit and a tête-à-tête with Premier Lee

00:11 Shen Long have yielded at least $200 million or P11.2 billion in investment promises by

00:18 a Singapore-based multinational tech firm and a vow by another online retail fixture

00:24 in the country to expand its existing businesses here.

00:28 Then again, the President took so many by surprise by showing up unannounced at a mall

00:34 hangout of Filipino migrant workers where he was mobbed, as our Alan Francisco reports

00:40 once more.

00:41 President Ferdinand R. Marquez Jr. is back in the country after attending the 10th Asia

00:48 Summit in Singapore.

00:49 He met with business leaders there who showed interest to invest in infrastructure, energy

00:54 and other industries in the country.

00:56 Companies like Dyson, a multinational tech company in Singapore from which President

01:01 Marcos managed to draw an P11 billion investment pledge.

01:05 The company targets to investing further and expanding its operations in the Philippines,

01:10 such as establishing more electric equipment manufacturing factories and hiring more workers

01:15 in the next two years.

01:16 According to President Marcos, this will produce jobs for Filipinos, especially for software

01:21 engineers and engineering graduates.

01:23 Valiram Group, a Malaysian retail specialist, will also expand their business operations

01:28 in the Philippines.

01:29 In a meeting with President Marcos, the company plans to increase its duty-free retail outlets

01:34 in airports all over the country.

01:36 The chief executive also met with Singapore Prime Minister Lee Hsien Loong and Deputy

01:41 Prime Minister Lawrence Wong.

01:43 According to the President, expect intensified cooperation between the two countries in various

01:48 aspects to solve mutual challenges going forward.

01:51 They also watched F1 Grand Prix on Sunday, according to the invitation of the Singaporean

01:56 official.

01:57 Meanwhile, the President also surprised Filipinos hanging out at the Lucky Plaza in Singapore.

02:03 The President was game in taking pictures with the OFWs he met.

02:07 The OFWs were so delighted, seeing him some couldn't help but hug the President because

02:12 of the thrill of the moment.

02:14 Alan Francisco for The Nation