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Philippines' Marcos touts $14 billion investment pledges from 'fruitful' overseas trip

Singaporean President Halimah Yacob sits next to Philippine President Ferdinand Marcos Jr. during a state banquet she hosts in his honour in Singapore, in this handout image obtained by Reuters on September 7, 2022. Ministry of Communications and Information (MCI) Photo by Ngau Kai Yan/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT

Philippines leader Ferdinand Marcos Jr has touted his first overseas trip as a success that secured investment pledges of $14 billion, as the son of the country's late ruler eyes economic gains to get his presidency off to a strong start.

During visits this week to Indonesia and Singapore, Marcos met leaders of government and commerce and declared the Philippines open for business, inviting private capital to upgrade and expand roads, airports and seaports in the archipelago of 110 million people.

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