President secures $4b investment pledges from German businesses

BERLIN—President Marcos secured investment agreements worth at least $4 billion or approximately P220 billion during his three-day working visit to Germany.

The investment deals were firmed up during the Philippine-Germany Business Forum here in Berlin, which was coordinated by the Department of Trade and Industry. Three memoranda of understanding were likewise signed: investment in a comprehensive solar cell manufacturing facility; a manufacturing enterprise for high-end customized automobiles andarmored personnel carriers for the Asian market; and the establishment of data centers hosting a digital insurance platform.

“Noting Germany’s interest in expanded labor cooperation to includeother Filipino skilled workers and professionals, the Philippines reaffirms our commitment to ensure the protection of the rights and welfare of Filipinos around the world,” President Marcos said. “This accomplishment not only reflects President Marcos’s dedication to advancing our nation’s economic growth but also underscores his steadfast commitment to serving the Filipino people,” said Romualdez, who is part of the President’s official delegation.

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