CONFIRMED:President Duterte to bring home 1 Trillion pesos of investments and credit facilities from China
During President Duterte's visit, the Philippines is expected to bring home $24 Billion or PHP 1-Trillion from China.
Trade Secretary Ramon Lopez already confirmed this today, Friday.
“Iyong bagong number na nabubuo ngayon, in terms of investments and credit facilities opened, $24 billion – $15 billion noon are investments and iyong $9 billion will be in the form of credit facilities,” he told reporters in an interview in Beijing.
“Iyong private-to-private, iyon ang $15 billion. And about $4 billion are MOUs[memoranda of understanding] to be signed later today,” he added.
This investment would surely give two million jobs and opportunities to Filipinos in the Philippines.[source]