{"id":93828,"date":"2017-03-14T00:04:58","date_gmt":"2017-03-14T04:04:58","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=93828"},"modified":"2017-03-14T00:04:58","modified_gmt":"2017-03-14T04:04:58","slug":"phl-mission-to-japan-reaps-nearly-php-200-b-investment-interests","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/03\/14\/phl-mission-to-japan-reaps-nearly-php-200-b-investment-interests\/","title":{"rendered":"PHL mission to Japan reaps nearly Php 200-B investment interests"},"content":{"rendered":"
\"Japanese<\/a>
Japanese companies are expected to invest some Php 198.5 billion in the Philippines, a gain from the investment mission of government officials to Tokyo early this month. (Photo: DTI Philippines\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA\u2014Japanese companies are expected to invest some Php 198.5 billion in the Philippines, a gain from the investment mission of government officials to Tokyo early this month.<\/p>\n

In a statement on Monday, the Department of Trade and Industry (DTI) said these prospective investments were from sogo shosha or Japanese firms with wide range of business activities.<\/p>\n

DTI Secretary Ramon Lopez, Transportation Secretary Arthur Tugade, and Ambassador Jose Laurel V were in Tokyo March 1 to meet executives from Mitsubishi Corporation, Mitsui and Co., Ltd., Sumitomo Corporation, Itochu Corporation, Marubeni Corporation, Toyota Tsusho, and Sojitz.<\/p>\n

Among the investments being eyed by sogo shosha here include the Php 80-billion joint investments of Sumitomo, Sojitz, and Mitsui in Coral Bay Nickel Corporation and Taganito High Pressure Acid Leaching (THPAL) Nickel Corporation in Surigao and Palawan; the Php 75-billion additional power plants from Marubeni; and the Php 12.9-billion integrated farming projects in Mindanao from Itochu and Sumitomo.<\/p>\n

The planned investments include those of Mitsubishi, Sojitz, Mitsui, and Toyota Tsusho for the Philippines\u2019 car manufacturing industry by participating the Comprehensive Automotive Resurgence Strategy (CARS) Program.<\/p>\n

Seven Japanese trading firms also expressed their interests to invest in various infrastructure projects here including railway and subway projects, Clark Green City, expansion of ports, roll-on roll-off building programs, and airport development projects.<\/p>\n

\u201cThrough sound and consistent macroeconomic policies, the country continues to attract serious investments. The fundamentals are there in terms of a fast-growing economy, a 109-million population base, standing trade agreements, and a young, talented, and dedicated work force,\u201d Lopez said.<\/p>\n

\u201cAll these — plus political will and focused trade and investment policies — act as a magnet for foreign investments,\u201d he added.<\/p>\n

The government officials have also vowed to investors that their projects in the Philippines would be corruption-free.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u2014Japanese companies are expected to invest some Php 198.5 billion in the Philippines, a gain from the investment mission of …<\/p>\n","protected":false},"author":33,"featured_media":93829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[5579,12337],"class_list":["post-93828","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-department-of-trade-and-industry","tag-ramon-lopez","mauthors-kris-m-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/93828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=93828"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/93828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/93829"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=93828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=93828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=93828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}