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Rody gets P89.9-B investments from Japan

Philippine President Rodrigo Duterte in Japan

TOKYO — Twelve major Japanese investments worth $1.85 billion have been obtained by the Philippines following the “very productive” visit of President Duterte to Tokyo.

The latest batch of business ventures on country’s automotive manufacturing, renewable energy, agriculture and other sectors is expected to generate 250,000 jobs for Filipinos, according to Trade Secretary Ramon Lopez.

The investment deals were finalized before the President ended his three-day official visit to Japan. Duterte was in Tokyo not only to strengthen the country’s economic and defense cooperation with Japan but also attract private sector investments to the country.

“Sa byahe na to sa Japan visit, natutuwa kami dahil napaka mainit ng pagtanggap sa ating pangulo, sa ating business delegation. We had a successful run ng Philippine Economic Forum,” Lopez said in a media interview.

“Ang maganda hong nangyari marami tayong naging pirmahan ng mga joint venture, expansion, new investments that will come in. They are committed investments running up to about US$1.85 covering 12 MOUs (memoranda of understanding) and letters of intent and they will employ about 250,000, the jobs to be generated by these investments and expansion,” he added.

Lopez said Japanese carmakers Toyota Motors Corporation and Mitsubishi Motors have committed to start local production of their cars in the Philippines under the government’s Comprehensive Automotive Resurgence Strategy (CARS).

Toyota plans to manufacture for the first time Vios in the Philippines while Mitsubishi will produce its Mirage model, according to Lopez.

“They will form part of the CARS program of the DTI (Department of Trade and Industry), BOI (Board of Investments) wherein these manufacturers, if they produce in the country, they will be given a little support and at the same time, will increase local content,” Lopez said.

“In other words, they will source car parts from the Philippines so that will mean more business activities more jobs for Filipinos,” he aded. (GENALYN KABILING)

comments
  • paul toledo

    an applause to pdu30 for closing a deal sa japan malaking bagay ito para sa atin

  • babybon

    siguro mababayaran naman yan sa pagdating ng panahon na maunlad na pinas

    • brendan d.

      kaya ba yan?

  • irene

    dadag pasanin ng mga nakakawang pilipino ang ginagawa ni digong

    • Umi baldivino

      mas gragrabe yan kung di yan aaksyunan ngyon ni digong pangmatagalan na ang kanyang ginagawa para makabayad sa mga utang

    • macky perez

      matagal na panhon makakaahon din tayo at makaka bayad relax ka lng gurl

  • ricardo

    Yun oh! Nagsimula nang mag invest sa atin ang Japan. Galing talaga ni President Duterte.

  • lita

    anong investments? utang yan!

    • daisy

      di ka ba marunong umintindi? investments nga at di utang!

    • luke

      sinong nagsabing utang? magbasa ka nga! investments yun. and it means manginginabang ang mga pilipino dun!

    • paulo

      isa pa tong di nagbabasa! walang ginawa kundi siraan ang presidente.

    • Maricar

      basa basa namn po pag may time para nman malamn mo po ng mabuti 😉

  • joy malik

    dyan na mag umpisa ang paghihirap ulit natin sa dami mong inutang digong.

    • Alexandra ludovice

      ikaw lang ang maghihirap huwag kang mag-alala!

    • Pia Casio

      giginhawa ang buhay natin kapag natuloy yan. manalig ka lang

  • Michelle Myth

    wow! naman yan na pagiinvest na yan makikita na lamang natin na asensado na pala ang prehong bansa.

  • maria magdato

    marami ang matutulungan nyan, slamat at ang galing mo pdu30

  • Mark

    oh diba dapt lang tlaga na maniwala tyo sa pangulo dahil tiyak namn na magtatagumpay siya!

  • Christine

    galing tlaga ngsisimula na ang invest ng japan at dito na rin magsisimula ang mgandng ekonomiya ng bansa.

  • danes salvador

    sa panibagong tulong nila sigurado maraming oportunidad ulit yan.

  • tin lopez

    malaki nanaman ang matutulong nito sa ating bansa,iba talaga ang administrasyong duterte.

  • noel

    kapakanan parin natin ang inuuna ni pdu30 kaya sana matigil na ang mga ng babatikos skanya.

  • al_bert

    alam ni digong ang makakabuti para sa atin.

  • basilio

    magaling mamuno si digong kaya malaki ang tiwala kong mababago nya ang pinas.

  • ricO

    unity ang kylangan ng ating bansa ngayon,para tuloy tuloy ang pagbabago at pag unlad ng pinas.