THE President needs to go out of the country to promote the Philippines as a viable destination, Employers Confederation of the Philippines President Sergio R. Ortiz-Luis Jr. said, a day after President Ferdinand R. Marcos Jr. concluded his visit to Japan with an estimated $13 billion of combined contributions and investment pledges for a wide range of projects.
In his arrival speech late Sunday at Villamor Airbase in Pasay City, Marcos said the commitments are expected to generate an approximate 24,000 jobs.ECOP is the umbrella organization of the business community in the Philippines, tackling national issues related to employment, industrial relations, labor issues, and related social policies.
However, he mentioned that the country can also benefit from the areas of services, agriculture, IT projects, and flood control, among others. On infrastructure, Marcos signed about 377 billion Japanese yen or the equivalent of about US$3-billion loans for the North-South Commuter Railway for Malolos to Tutuban and North-South Commuter Railway Project extension.
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