Philippines

Duterte to bring home USD143.6-M fresh investments

Heber Bartolome

Pinoy music icon Heber Bartolome performs at the Panciteria de Manila on Sunday, September 9, in Edmonton.

Duterte to bring home USD143.6-M fresh investments
By Jelly Musico

MANILA (Philippines News Agency) – President Rodrigo Duterte will bring home a total of USD143.57 million worth of fresh investments from his six-day official visit to Israel and Jordan, Malacañang said Friday.

Presidential Spokesperson Harry Roque said USD82.9 million of the amount was the result of business meetings between the Filipino and Israeli businessmen.

He said three memorandum of agreements (MOAs), 11 memorandum of understandings (MOUs) and seven letter of intents (LOIs) have been signed during the business forum Israel.

“They have also met about defense and security cooperation and of course, we now recognize Israel as major partner in AFP (Armed Forces of the Philippines) modernization program,” Roque said in a press briefing in Amman, Jordan.

Roque said the Philippines is now one of the most important markets for arms made in Israel.

He said an agreement on labor cooperation has also been signed where 29,000 Filipino workers, mostly caregivers, will benefit in Israel.

Roque said the MOA on temporary employment of home-based Filipino caregivers will reduce, if not totally eliminate, the USD12,000 placement fee being charged from Filipinos who want to work in Israel.

In Jordan, Roque said two MOUs and eight LOIs have also been signed, resulting in USD60.7 million worth of investments.

“During the first visit of a Philippine president here in Jordan, there were some agreements including deals on political consultation, defense cooperation, investment and framework for the employment of domestic workers,” Roque said.

Around 49,000 Filipinos are working in Jordan, many of them are domestic workers.

During his meeting with King Abdullah II bin Al-Hussein at the Al Husseinieh Palace, Duterte thanked the King of Jordan for donating two AH-15 Cobra attack helicopters and some firearms and ammunition.

Like in Israel, Duterte also met the Filipino community in Jordan to wrap up his productive visit.

He is set to arrive at the Davao International Airport on Saturday morning. (PNA)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s