PH: A Stable Investment Hub, Japanese Chamber States

The Philippines, under the administration of President Ferdinand R. Marcos, Jr., has demonstrated stable and robust economic growth, attracting the interest of Japanese investors to expand their operations in the country.

JCCI, led by Chairman Ken Kobayashi, expressed in his meeting with President Ferdinand Marcos, Jr., that Japanese businesses are keenly interested in investing in PH infrastructure, renewable energy, and more. I Photo: Bongbong Marcos Facebook

This was highlighted by the Japanese Chamber of Commerce and Industry (JCCI), the largest business organization in Japan, representing 1.25 million companies, ranging from large corporations to small- and medium-sized enterprises.

JCCI consists of 515 local chambers across Japan.

During their courtesy call on President Marcos at Malacañang, JCCI Chairman Ken Kobayashi mentioned, "In the Socioeconomic 8-Point Agenda that you have outlined, the President prioritizes social security and human capital development. It also emphasizes investment promotion, the strengthening of digital infrastructure, the promotion of a green economy, and more, with the goal of expanding job opportunities. We expect to see further cooperation between our two countries in these fields."

Kobayashi explained that they have recently resumed sending missions to foreign countries since the pandemic, and their decision to visit the Philippines first underscores the country's significance in Asia.

The current mission to the Philippines comprises 70 members representing the top management of Japanese corporate leaders, which, as Kobayashi emphasized, reflects the deep interest of Japanese corporations in the Philippines.

President Marcos acknowledged Japan's ongoing support to the Philippines, particularly in infrastructure development.

He stated that the Philippines is currently navigating a new economy and new technologies, playing a pivotal role in the transformation of the global economy.

In addition to their focus on infrastructure development, renewable energy, digitalization, and telecommunications, the Philippines is prioritizing agriculture and climate change adaptation, the president noted.

He shared with the JCCI members, "Climate change is a pressing concern. It's something we didn't have to contend with in the past, but it's a present reality, and we're already experiencing its effects here in the Philippines."

Furthermore, President Marcos stressed, "We've given great importance to the development of our agricultural sector. We've had insightful discussions with our Japanese counterparts on agriculture. This is an area we need to continue to develop. Once again, climate change is an integral part of this discussion, as agriculture is significantly impacted by climate change." President Marcos concluded.

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