Marcos Jr. secures $22 million investment pledges from 2 Indonesian firmsPresident Ferdinand "Bongbong" Marcos Jr. attends the celebration of the 125th anniversary of the Philippine Navy at their headquarters along Roxas Boulevard in Manila on May 26, 2023. In a statement, Presidential Communications Office Secretary Cheloy Garafil said the companies met with Marcos for increased partnerships on animal health, artificial intelligence (AI) and digital connectivity. Marcos also met with officials of PT WIR Asia Tbk., whose subsidiaries plan to invest $20 million in the next five years. The company is an Indonesian publicly listed firm that develops augmented reality technology integrated with virtual reality and AI. Another Indonesian company, Pasifik Satelit Nusantara (PSN), gave Marcos an update on the memorandum of understanding (MOU) it signed with WIT Philippines Inc. last year, which involved the launch of a satellite in December.
