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Pia Gutierez

ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="President Ferdinand R. Marcos Jr. and First Lady Louise Araneta-Marcos are welcomed by Australia Assistant Minister for Foreign Affairs Tim Watts and other officials as they arrived at Melbourne Airport, Australia on Sunday, March 3, 2024. Noel B. Pabalate, PPA pool." src="https://news-workbench-api.abs-cbn.com/api/upload-raw/2024030410038/0c48d6c9f7c394d84ae3f8408c7cc593453649f9938067b2f70d400a4d2f87fc.jpg" class="fr-fil fr-dib"/><figcaption>President Ferdinand R. Marcos Jr. and First Lady Louise Araneta-Marcos are welcomed by Australia Assistant Minister for Foreign Affairs Tim Watts and other officials as they arrived at Melbourne Airport, Australia on Sunday, March 3, 2024. <em>Noel B. Pabalate, PPA pool.</em></figcaption></figure></div><div><span style="color:#000000;background-color:transparent;text-decoration:none;vertical-align:baseline;white-space:pre-wrap">MANILA — The Philippines on Monday announced that it has secured  $1.53 billion worth of investments during President Ferdinand Marcos Jr&#x27;s visit to Australia.</span></div><ul class="op-related-articles"><li><a href="https://news.abs-cbn.com/news/2024/2/29/marcos-addresses-australian-parliament-on-china-maritime-disputes-1457">Marcos addresses Australian parliament on China maritime disputes</a></li></ul><div><br/><span style="color:#000000;background-color:transparent;text-decoration:none;vertical-align:baseline;white-space:pre-wrap">Trade Secretary Alfredo Pascual said 14 business agreements were signed between Filipino and Australian business leaders.</span></div><div><span style="color:#000000;background-color:transparent;text-decoration:none;vertical-align:baseline;white-space:pre-wrap">The deals span renewable energy, waste-to-energy technology, organic recycling technology, countryside housing initiatives, data centers, manufacturing of health technology solutions, and digital health services, Pascual said.</span></div><div><span style="color:#000000;background-color:transparent;text-decoration:none;vertical-align:baseline;white-space:pre-wrap">“These sectors are indicative of future Philippines-Australia business engagements,” Pascual said.</span></div><div><span style="color:#000000;background-color:transparent;text-decoration:none;vertical-align:baseline;white-space:pre-wrap">During the Philippine Business Forum in Melbourne, Marcos also invited Australian businessmen to invest in the Philippines as he touted reforms that further open up industries to foreign capital.</span></div><div><span style="color:#000000;background-color:transparent;text-decoration:none;vertical-align:baseline;white-space:pre-wrap">Marcos urged Australian businesses to consider the Philippines as “a reliable partner that can support their expansion and operations”</span></div><div><span style="color:#000000;background-color:transparent;text-decoration:none;vertical-align:baseline;white-space:pre-wrap">“Let us embark on a journey of strengthened economic ties, mutual growth, and shared success,” Marcos said, adding that </span><span style="color:#000000;background-color:transparent;text-decoration:none;vertical-align:baseline;white-space:pre-wrap">the country also aims to play a bigger role in regional and global value chains. </span></div><ul class="op-related-articles"><li><a href="https://news.abs-cbn.com/news/2024/3/3/marcos-in-melbourne-for-50th-asean-australia-summit-1716">Marcos arrives in Melbourne for 50th ASEAN-Australia summit</a></li></ul><div> </div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="color:#000000;background-color:transparent;text-decoration:none;vertical-align:baseline;white-space:pre-wrap">Marcos also </span><span style="color:#000000;background-color:transparent;text-decoration:none;vertical-align:baseline;white-space:pre-wrap">noted opportunities in clean energy, and as the country positions itself as a regional hub for smart and sustainable manufacturing.</span><br/> </div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="color:#000000;background-color:transparent;text-decoration:none;vertical-align:baseline;white-space:pre-wrap">“To achieve this, we are at the forefront of attracting sustainability-driven strategic investments powered by renewable energy,” he said. </span></div><p>The President <span style="color:#000000;background-color:transparent;text-decoration:none;vertical-align:baseline;white-space:pre-wrap">also highlighted the launch of the country’s sovereign wealth fund, which he said shows the government’s push to finance priority projects and drive socioeconomic impact. </span></p><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="color:#000000;background-color:transparent;text-decoration:none;vertical-align:baseline;white-space:pre-wrap">Marcos is in Melbourne, Australia to attend the ASEAN-Australia Special Summit from March 4 to 6.</span></div>

<p>The Philippines on Monday announced that it has secured $1.53 billion worth of Australian investments.</p>

The Philippines on Monday announced that it has secured $1.53 billion worth of Australian investments.

Filipino, Australian business leaders sign $1.53-B worth of deals in Melbourne: DTI

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Filipino, Australian business leaders sign $1.53-B worth of deals in Melbourne: DTI

Pia Gutierez,

ABS-CBN News

Published Mar 04, 2024 06:13 PM PHT

Read More:

Australia

Marcos Jr

economy

Melbourne

DTI

Alfredo Pascual

Marcos visit

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