The commitments, spanning consumer services, property development, advanced industries, and clean energy, were finalized after a series of high-level meetings in Tokyo organized by the Department of Trade and Industry’s Japan team under Special Trade Representative Dita Angara-Mathay.
Roque said the engagements allowed the country’s economic managers — led by Finance Secretary Ralph Recto with Economy, Planning, and Development Secretary Arsenio Balisacan, Energy Secretary Sharon Garin, and BSP Deputy Governor Zeno Abenoja — to review projects, align government support, and ensure a conducive rollout environment.
“These commitments in green energy, smart housing, healthcare, and creative services highlight the strength of our partnership with Japan,” Roque said.
“DTI and the Economic Team will work together to ensure these projects generate quality jobs, strengthen supply chains, and advance the country’s shift to a green, digital, and broad-based economy.”
The details
Koshidaka Holdings Co., Ltd., operator of the world’s largest karaoke chain, will invest P34 billion to open 300 outlets nationwide over the next decade, creating 1,500 direct jobs and thousands more in construction and supply chains.
Marubeni Corp. committed P15 billion for projects in real estate, fintech, healthcare, and afforestation.
Sojitz Corp. confirmed a P2 billion–P3 billion investment in a property developer to attract AI, semiconductor design, software, and healthcare firms, while also expressing interest in aviation projects.
Mitsui & Co. reaffirmed its partnership with Metro Pacific Investments Corp. and Steel Asia on a steel recycling initiative that supports circular economy and decarbonization goals.
The big picture
“These investments are a testament to President Ferdinand R. Marcos Jr.’s vision for an agile, innovation-driven economy that welcomes partnerships and delivers inclusive growth,” Roque said.
Angara-Mathay added that the presence of the full Philippine delegation sent a “powerful signal” of high-level commitment, reassuring investors of fast-tracked execution from commitment to rollout. —Ed: Corrie S. Narisma
