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PH gets $22 million investment pledges from Indonesian firms: Palace

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<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt=" Presidential Communications Office handout " src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/news/09/06/marcos-pco09062023_1.jpg"/><figcaption><em>Presidential Communications Office handout </em></figcaption></figure></div><p><br/>MANILA — President Ferdinand Marcos, Jr. got $22 million in investment commitments from leading Indonesian firms at the 43rd Association of Southeast Asian Nations (ASEAN) Summit and Related Summits, Malacañang said Wednesday. </p><p>These investments sought to improve partnerships on animal health, artificial intelligence (AI), and digital connectivity, said Press Secretary Cheloy Garafil. </p><p>PT Vaksindo Satwa Nusantara &quot;intends to cooperate&quot; with Philippine-based partner Univet Nutrition and Animal Healthcare Company (UNAHCO Inc.) for veterinary vaccines, with plants to introduce some $2 million in investments this 2023. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/07/31/23/firms-pledge-to-invest-p27-b-into-ph-renewable-energy">Firms pledge to invest P2.7 billion into Philippine renewable energy</a></li></ul><p>PT Vaksindo Satwa Nusantara, PT WIR Asia Tbk, and Pasifik Satelit Nusantara (PSN).</p><p>&quot;They will soon provide the Philippines with an avian influenza vaccine,&quot; said Garafil.</p><p>Marcos Jr also had a meeting with PT WIR Asia Tbk, the subsidiaries of which committed some $20 million to the Philippines. &quot;It is considered the first Metaverse company in Indonesia,&quot; based on the Palace release.</p><p>Meanwhile, the President had a meeting with Pasifik Satelit Nusantara (PSN) and updated the government on an agreement signed with WIT Philippines Inc. in September last year regarding a satellite launch in December. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/07/12/23/dti-88-m-pledges-from-marcos-trips-may-materialize-in-2023">DTI: $88-M pledges from Marcos trips &#x27;may materialize&#x27; in 2023</a></li>	<li><a href="https://news.abs-cbn.com/business/07/27/23/marcos-gets-285-m-investment-pledges-in-malaysia-visit">PH gets $285-M investment pledges during Marcos Jr&#x27;s state visit to Malaysia</a></li></ul><p>This satellite sought to upgrade the country&#x27;s digital connectivity by allocating 13.5 Gbps bandwidth. </p><p>If the satellite launch becomes successful, it would help WIT Philippines Inc. &quot;to fulfill its intentions to develop a bigger market for both government and consumer markets in the Philippines,&quot; said Garafil. </p><p>The President is in Jakarta until Thursday. </p><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/rAQz7wY5RDs?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

These investments sought to improve partnerships on animal health, artificial intelligence (AI), and digital connectivity, said Press Secretary Cheloy Garafil. 