Marcos bags P4.7B investment from Unilever
BRUSSELS – President Bongbong Marcos is bringing home P4.7-billion in investments as he ends his three-day official trip to the Belgian capital on 14 December.
Press Usec. Cheloy Garafil said Marcos secured the multibillion-peso investment from Unilever, a multinational consumer goods company, as the firm gears towards automating and digitalizing its operations in the Philippines.
Marcos met with Unilever president Matt Close on the sidelines of the Association of Southeast Asian Nations-European Union (ASEAN-EU) Commemorative Summit.
Close said the Philippines is one of Unilever's important locations for investments.
Marcos thanked the company for its strong commitment to the Philippines.
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"I think that we have a good opportunity with some of the policy measures that have been taken from the previous administration and some of the policy changes that we have made at the beginning of this administration," he said.
Marcos was referring to the Corporate Recovery and Tax Incentives for Enterprises Law, which allows companies to provide competitive incentives.
