Acting Department of Trade and Industry Secretary Ma. Cristina Roque, in a meeting with Japan’s Marubeni Corp., said the Philippines is open for “new-generation” investments.
“The Philippines is open for business. We are committed to creating an environment where businesses of all sizes can flourish, particularly those involved in ‘new generation’ industries that cater to the evolving needs of Filipinos,” she said following her first trade mission to Tokyo on Sept. 12, 2024.
Marubeni, a long-standing investor in the Philippines, expressed continued interest in expanding its presence.
Roque encouraged the company to explore opportunities in sectors like renewable energy, infrastructure, and technology.
“We are pleased to see Marubeni Corporation’s growing portfolio of investments in the Philippines. Their presence is a testament to the country’s strong economic fundamentals and the vast potential that lies ahead. We invite Marubeni and other global companies to join us in shaping the future of the Philippine economy,” she said.
Marubeni’s investments span a range of sectors critical to the Philippines’ development, including healthcare, technical support to micro, small and medium enterprises and sustainability initiatives.
Both parties are open to discussions on potential collaborations that promote renewable energy, resource conservation and climate resilience.
Trade commercial counselor in Tokyo Dita Angara-Mathay noted the Philippines’ interest in acquiring competence in battery technology.
