“The Investments Promotion Agencies approved almost P1.7 trillion in investments in various sectors in 2023, which are expected to create 108, 000 jobs.”
What Vera Files found
Approved investments are pledges or commitments by Filipino or foreign investors. Not all approved investments materialize. These go through a gestation period from approval to the time a business is established and delivering its intended product or service.
Their words, from the summary they publish with the rating.
In short
Ferdinand Marcos Jr. made this claim around 1 May 2024. Vera Files (Philippines) looked into it and published its finding on 17 May 2024, 16 days later. Its rating was “Misleading”.
Ferdinand Marcos Jr. has 62 checked claims in this archive. Fact-checking organisations rated 17 of them false or fake, 43 misleading or mixed and 0 true.
Where the claim appeared
- YouTube videohttps://youtu.be/8iOQYfwsfw0?t=313
Links recorded by Vera Files. Some posts may have been deleted since.
This check was done by Vera Files, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.