'The Philippines has a great deal more to offer Japanese investors,' President Marcos tells Japanese executives.
TOKYO, Japan – After back-to-back meetings with Japan’s top executives, President Ferdinand Marcos Jr. capped an economic forum on Friday, February 11, with a pitch that his administration would clear the path for Japanese businesses to invest heavily in the Philippines.
With inflation threatening growth, Marcos’ economic managers said addressing elevating prices was their “top priority.” Among concerns shared by Japanese companies were the need to address value added tax refunds, and gaps in logistics and infrastructure requirements. The Philippines and Japan have long established trade relations over decades. As of 2022, Japan remained the Philippines second largest trading partner, third largest export market, and second source of imports.Marcos’ Japan trip also drew one of the largest business delegations in his presidential trip – 114 Filipino businessmen flew to Tokyo for talks with their counterparts. Among tycoons spotted in meetings with the President were Ramon Ang, Jaime Zobel de Ayala, Manuel V.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marcos to Japanese investors: ‘When you think growth, think Philippines’TOKYO — President Ferdinand Marcos Jr. touted the Philippines’ strong macroeconomic fundamentals, liberal investment reforms, and infrastructure program on Friday as he urged Japanese businessmen to invest in the country.
Read more »
Marcos’ economic managers to woo Japanese investorsThe Marcos administration’s economic managers are set to lure Japanese investors with the Philippines’s robust economic performance last year.In a statement on Thursday, the Department of Budget and Management (DBM) said the government’s economic team is set to conduct the Philippine Economic Briefing (PEB) in Tokyo, Japan as part of President Ferdinand Marcos Jr.&39;s official visit from February 8 to 12, 2023.
Read more »
Japanese shipowners assure Marcos of continuous hiring of Pinoy seafarersTOKYO — Japanese shipping companies have assured the Philippine government of continuous hiring of Filipino seafarers to man their vessels.
Read more »
Marcos to Japan investors: Philippines accelerated infra programDuring his roundtable meeting with top executives of Japanese electronics and semiconductors firms, Marcos described his predecessor’s infrastructure development in the Philippines as a “very robust and aggressive program.” "But we have... accelerated it further and have made it a priority because we understand the importance of the infrastructure development, not only in terms of roads, imports but even in the soft infrastructure that we need to have in place," Marcos said.
Read more »
Come, see what you missed, Marcos tells Japanese travelersSaying the country is “open and ready to welcome more Japanese onto our shores,” President Marcos invited Japanese travelers to return to the Philippines as he asked Tokyo to ease up on negative travel advisories. | JMAurelioINQ /PDI
Read more »
Japanese energy firm to support Marcos' renewable energy policyA Japanese power generation company has assured President Ferdinand “Bongbong” Marcos Jr. of a stable supply of liquefied natural gas (LNG) to support the economic growth of the country.
Read more »