Japanese businesses have committed to invest about P210 billion in the Philippines during a roundtable meeting with President Marcos in Tokyo.
The commitments were announced by Malacañang following the high-level meeting held on the sidelines of President Marcos’ four-day state visit. The Presidential Communications Office said the pledges came from participating Japanese corporations.
“The roundtable concluded with a massive visual vote of confidence for the administration’s economic agenda, yielding an aggregate investment commitment of $3.4 billion (approximately P210 billion) from participating Japanese corporations,” the PCO said.
The inflows are expected to bring macroeconomic benefits, expand industrial capacity and create thousands of specialized jobs. No detailed breakdown of the pledges was provided.
