Fresh from his outbound mission to Japan last July 16-22, PEZA Director-General Tereso O. Panga reported of positive investment leads that would make Japan one of the Philippines’ largest and longest-tenured investment partners, as with PEZA, making it one of the leading sources of foreign investments.
“To date, 881 Japanese companies are registered with PEZA, bringing in P766.550 billion worth of investments in the country, with exports of $5.362 billion and generating up to 340,601 direct jobs for Filipinos,” noted Panga. PEZA received interest both from Japanese big-ticket investors and Small and Micro Enterprises . Most noteworthy would be the commitment of Ichijo Corporation to finalize its expansion plans in 2024, along with possible expansion plans of the ShinEtsu Corporation, OB Kogyo, Ltd., and NEC Networks & System Integration Corporation, Panga reported.
OB Kogyo, Ltd., a die and mold company, also expressed their intent to reinvest USD 3 million in their Philippine plant over the next 3 years, bolstering local manufacturing capabilities.
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