Fifteen Japanese companies are planning to put up businesses in the Philippines in different sectors including manufacturing, food, agriculture, pharmaceutical, electronics, and machinery, the Philippine Economic Zone Authority (PEZA) said in a statement.
The investment pledges were made at the Osaka-led Business Partner City (BPC) mission composed of 30 companies that visited the country over the weekend.
PEZA also took the opportunity to strengthen collaborations with Osaka in engaging its more than 30,000 small and medium-sized enterprises (SMEs), which will encourage local SMEs to be integrated in the ecozone program.
“What we want is not just our ecozones to grow but including our SMEs that support the operations of our locator companies. Without which, we cannot provide a better ecosystem for our investors here in the Philippines,” said Tereso Panga, officer-in-charge at PEZA.
Makoto Yagi, executive director and secretary-general of the Osaka Business Partner City Council said the visit is of great significance in promoting economic exchange between Osaka and its partner cities in the future.
During the visit, PEZA reported that to date, there are about 887 Japanese companies registered in in PEZA which generated P745.637 billion investments,$17.250 Billion exports, and 350,710 direct jobs.
Some of the top companies in PEZA include, Taganito HPAL Nickel Corp., Toshiba Information Equipment (Philippines), Inc., Ibiden Philippines, Inc., Canon Business Machines (Philippines) Inc., and Tsuneishi Heavy Industries (Cebu) Inc. – Irma Isip
