President’s Tokyo trip yields $13b worth of agreements READ MORE:
had been announced earlier—after a “fruitful” five-day working trip to Japan, with investments set to yield thousands of jobs for Filipinos.President Ferdinand R. Marcos Jr. and First Lady Louise Araneta-Marcos cross the tarmac at the Villamor Airbase in Pasay City on Sunday after a five-day official visit to Tokyo, Japan.
Mr. Marcos said the completion of these projects, along with other ongoing large-scale Official Development Assistance projectssuch as the Metro Manila Subway Project and many more across the country, “is expected to translate to better lives for Filipinosthrough improved facilitation of the movement of people, goods and services.”
The President also had the honor of having an imperial audience with Their Majesties Emperor Naruhito and Empress Masako of Japan, where said he was able to reaffirm his commitment to enhancing the close friendship and cultural ties between Filipinos and the Japanese people. “As we forge commitments in our priority industries, we want to assure foreign investors and businesses that the Philippines will continue to nurture an enabling environment,” he said at the Philippine-led business forum Friday during the presidential visit to Japan.
The forum targeted foreign direct investors and portfolio investors from Japan. Potential investments from Japan will generate higher quality, more stable, and better-paying jobs for Filipinos. Pascual noted the Philippines’ current efforts to improve digital connectivity and infrastructure in the country that will make business transactions more seamless.
Another important factor, he said, is the availability of young, trainable, vibrant workforce, which is a distinct advantage for the Philippines because of our relatively low median age population as compared to other countries. The DTI noted that 240 Philippine companies and 1,300 Japanese firms, composed of 3,472 businessmen, registered for the meetings held in Tokyo.
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