Business

Philippines assured of 2.5 bln USD foreign investment

English.news.cn   2012-06-10 15:14:32            

MANILA, June 10 (Xinhua) -- The Philippines obtained 2.5 billion U.S. dollars worth of investment during President Benigno Aquino III's 7-day visits to Britain and the United States.

The news was announced by Aquino in his arrival message at the Ninoy Aquino International Airport after he returned to Manila Sunday morning from visits to the United Kingdom and United States.

From UK, he said, the assured investments to be put in the Philippines could at least be 1.5 billion U.S. dollars and this could even increase to 2.5 billion dollars. The expected investments from the United States could reach to at least 1 billion dollars.

Aside from the investments, Aquino said his trips to London and Washington also resulted in Manila's deeper bilateral relations with the two countries.

He said that the Philippines will also receive 30 million U.S. dollars under the Partnership for Growth Program that will support poverty alleviation projects.

Editor: Mo Hong'e
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