Increase in Japanese investment interest detected
There has been an increase in investment-related interest and queries from Japanese firms, said Department of Trade and Industry – Philippine Trade Investment Center – Tokyo commercial counsellor Dita Angara-Mathay.
Angara-Mathay said Japanese companies are inquiring about “opportunities related to electronics manufacturing, power generation, renewable energy, construction and food processing.”
PEZA director general Charito Plaza stated that they’re inviting Japanese firms to come and invest in the Philippines. Plaza added that the latter offers many benefits, including access to an English-proficient and young workforce.
Further, Japanese Ambassador Koshikawa Kazuhiko said recent developments in the country, including the passage of the CREATE Law, will be beneficial for investors.
“It is highly anticipated that the changes brought about by these measures will lead to more active investments from Japan in the future,” Kazuhiko said.
