Aquino: Japanese firms to invest in PHL

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Sunday, December 15, 2013

A LOT of Japanese companies are interested in investing in the country’s infrastructure, energy, mining, and manufacturing sectors, President Benigno Aquino III said Sunday.

Aquino said he met with executives of Sumitomo Metal Mining Co., Mitsubishi, Mitsui Banking Corp. and Nidec Sankyo Corp. in his three-day stay in Japan.

“Kabilang po sa mga inaasahan nating lalago ay ang mga sektor ng imprastraktura, enerhiya, mining, manufacturing, at siyempre, iba pa po; na alam po nating mamumunga ng maraming trabaho at dagdag na pagkakataon sa bawat Pilipino,” he said in his arrival speech at the Ninoy Aquino International Airport Terminal 2.

One of those companies, which the President did not name, is planning to invest $300 million for the expansion of its operation in the Philippines.

There are also ongoing studies for possible investment on a new manufacturing plant, research development facility, and many others, he said.

“Napakasulit po talaga ang mga pagpupulong na ating dinaluhan. Umaapaw po ang mga ito sa magagandang balita,” the President said declining to specifically mention the projects.

“Sa pagtatayo at pagpapalawak ng negosyo ng mga kumpanyang nakapanayam natin, tiyak na magiging hitik sa oportunidad ang mga sektor na napakalaki ng ambag sa ating ekonomiya,” he added. (SDR/Sunnex)

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