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PH gets USD1.25-B investment deals, pledges from India

by | TOP STORIES

Jan. 28, 18 | 9:10 am

Presidential Spokesperson Harry Roque on Thursday said investment pledges and agreements from Indian firms reached a total of USD1.25 billion, which are expected to generate thousands of jobs for Filipinos.

“The truth of the matter is, even before the start of the ASEAN-India [Summit], DTI has already facilitated USD1.250 billion in new investments in the Philippines,” Roque said during an official press briefing at the sidelines of the ASEAN-India Commemorative Summit 2018.

The Department of Trade and Industry (DTI) announced that it has obtained at least nine investment pledges and agreements from top Indian companies, which are expected to strengthen the Philippines’ economic relationship with the South Asian country.

DTI conducted a series of meetings at the sidelines of the summit to discuss investment plans with major Indian conglomerates that intend to either expand or begin their operations in the Philippines.

The investment pledges came from companies involved in pharmaceutics, information technology, energy, tourism, medical wellness and business processing management.

Roque reported that the recently concluded bilateral meeting between President Rodrigo Duterte and Indian Prime Minister Narendra Modi fostered a shared commitment to expanding the two countries’ ties, particularly on business and security.

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8 people confirmed dead in plane crash in MIA

8 people confirmed dead in plane crash in MIA

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Dubai Electricity and Water Authority, DEWA, has recorded savings of 178 megawatts, in electricity consumption in the emirate, equivalent to a reduction of 74 tonnes of carbon dioxide emissions, during Earth Hour 2020. People in Dubai joined millions of people around...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

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