Manila, March 30 -- Several projects, each worth over PHP50 billion, are awaiting the approval of President Ferdinand R. Marcos Jr., including one from Korean technology giant Samsung.

Special Assistant to the President for Economic and Investment Affairs Secretary Fredrick Go revealed the developments on the sidelines of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy roadshow in Makati City on Friday.

A document obtained from Malacanan Palace showed that the Korean firm is pouring PHP50.65 billion into Samsung Electro-Mechanics Philippines Corp. (SEMPHIL).

The plant in Calamba City, Laguna will produce over 100 billion units of multi-layer chip capacitors for the aut...