Manila, March 11 -- A United States (US)-based medical glove manufacturer is investing an initial USD200 million to build a production facility in the Philippines, with plans to expand operations once the first phase becomes successful, President Ferdinand R. Marcos Jr. said Tuesday (New York time).

In a press conference at The Pierre A Taj Hotel before leaving New York, Marcos said Harvard-based U.S. Medical Glove Company (USMGC) has already begun preparations for the project and has sent representatives to the Philippines to start work on the facility's construction.

"The prospective amount is PHP200 million dollars in the beginning," Marcos said.

"They have already started it. They sent already representatives to the Philippines. Th...