Marcos courts Japanese investors, secures P210-billion commitments

TOKYO, Japan, May 29 ------ President Ferdinand “Bongbong” Marcos Jr. secured around $3.4 billion or roughly P210 billion in investment commitments from Japanese companies during a high-level business roundtable meeting in Tokyo.

The commitments were announced during the President’s meeting with top Japanese business executives at the Imperial Hotel as part of his four-day state visit to Japan. According to the Presidential Communications Office, the investments are expected to generate thousands of jobs, strengthen local industries, improve tourism infrastructure, and support technology transfer across key sectors.

In his remarks, Marcos highlighted the importance of deeper economic cooperation between the Philippines and Japan amid global economic uncertainties. “We are entering a new chapter defined not only by friendship, but by deeper integration, shared growth, and a common belief in the future,” the President said.

The chief executive also thanked Japanese companies operating in the Philippines, including All Nippon Airways, Toyota, Mitsubishi Corporation, Marubeni, Panasonic and Fast Retailing, for their continued confidence in the Philippine economy. The business roundtable was part of Marcos’ state visit to Japan, aimed at strengthening bilateral cooperation in trade, investments, defense and regional security.

Source: philstar.com