President Ferdinand “Bongbong” Marcos Jr. sealed $14.36 billion in investment pledges during his inaugural state visits to Indonesia and Singapore, the Palace said on Thursday.

In a news release, Malacañang said the deals involved multiple sectors such as renewable energy, data centers, e-commerce, broadband technology, startups, government housing and agriculture.

Marcos Jr. said there were 10 letters of intent, and 12 memoranda of understanding signed during his state visits.

“Ito po ang isa sa mga ipinangako ko noong nakaraang SONA — na isusulong natin ang foreign investments upang lumakas ang ating ekonomiya,” Marcos Jr. was quoted as saying.

Marcos Jr. described his state visits and meetings with Indonesian President Joko Widodo and President Halimah Yacob and Prime Minister Lee Hsien Loong of Singapore as “fruitful and engaging.”

Indonesia and Singapore are two of the country’s key trade and investment partners.

Marcos made his inaugural state visit in Indonesia from Sept. 4 to 6 and in Singapore from Sept. 6 to 7. John Ezekiel J. Hirro