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)
an applause to pdu30 for closing a deal sa japan malaking bagay ito para sa atin
siguro mababayaran naman yan sa pagdating ng panahon na maunlad na pinas
kaya ba yan?
dadag pasanin ng mga nakakawang pilipino ang ginagawa ni digong
mas gragrabe yan kung di yan aaksyunan ngyon ni digong pangmatagalan na ang kanyang ginagawa para makabayad sa mga utang
matagal na panhon makakaahon din tayo at makaka bayad relax ka lng gurl
Yun oh! Nagsimula nang mag invest sa atin ang Japan. Galing talaga ni President Duterte.
anong investments? utang yan!
di ka ba marunong umintindi? investments nga at di utang!
sinong nagsabing utang? magbasa ka nga! investments yun. and it means manginginabang ang mga pilipino dun!
isa pa tong di nagbabasa! walang ginawa kundi siraan ang presidente.
basa basa namn po pag may time para nman malamn mo po ng mabuti 😉
dyan na mag umpisa ang paghihirap ulit natin sa dami mong inutang digong.
ikaw lang ang maghihirap huwag kang mag-alala!
giginhawa ang buhay natin kapag natuloy yan. manalig ka lang
wow! naman yan na pagiinvest na yan makikita na lamang natin na asensado na pala ang prehong bansa.
marami ang matutulungan nyan, slamat at ang galing mo pdu30
oh diba dapt lang tlaga na maniwala tyo sa pangulo dahil tiyak namn na magtatagumpay siya!
galing tlaga ngsisimula na ang invest ng japan at dito na rin magsisimula ang mgandng ekonomiya ng bansa.
sa panibagong tulong nila sigurado maraming oportunidad ulit yan.
malaki nanaman ang matutulong nito sa ating bansa,iba talaga ang administrasyong duterte.
kapakanan parin natin ang inuuna ni pdu30 kaya sana matigil na ang mga ng babatikos skanya.
alam ni digong ang makakabuti para sa atin.
magaling mamuno si digong kaya malaki ang tiwala kong mababago nya ang pinas.
unity ang kylangan ng ating bansa ngayon,para tuloy tuloy ang pagbabago at pag unlad ng pinas.