Japan firms pledge $1.78B in investments
Wednesday, 28 September 2011 21:48 Recto Mercene / Reporter
PRESIDENT Aquino declared his four-day official visit to Japan a “resounding success” after he was promised some $1.78 billion in investments in energy, manufacturing and the service sectors.
Talking to reporters upon his arrival on Wednesday night, Mr. Aquino said he attended a total of 36 meetings with Japanese businessmen and was able to secure their commitments to invest in the country; in return, the President promised them a level playing field and a better business atmosphere in the Philippines.
“Muli po nating naipakilala ang bagong Pilipinas sa kanila—isang mas bukas, at mas patas at mas maaliwalas na lugar sa pagnenegosyo,” he said.
The President, who flew in aboard a chartered Philippine Airlines A320, also said he had a fruitful dialogue with Prime Minister Yoshihiko Noda, during which they agreed to strengthen *****eral cooperation.
Mr. Aquino also said the processing of qualified Filipino nurses and careworkers would be accelerated, as well as cooperation in disaster prevention and how to address climate change in our country.
Japan also agreed to maintain peace with regards to the West Philippine Sea, by pushing for the Declaration of Conduct of Parties in the South China Sea, he said.
The two leaders also agreed to improve the pacts between the Philippines and Japan on tourism, defense and information.
While the President didn’t provide details on the pledged investments, Presidential Communications Operations Office Secretary Herminio Coloma Jr. said on Tuesday that Terumo Corp., a Japanese firm famous for producing disposable syringes and hospital equipment, was “very upbeat” about its commitment to increase its current investments in the Philippines. Terumo’s top officials pledged to expand their investments in the Philippines by further developing its factory in Biñan, Laguna, and acquiring additional lands to build other facilities.
Coloma also said Toyota Motor Corp. plans to spend P3.6 billion to expand its Philippine dealership to 65 by 2016 from the current 29 and to build “new generation” auto parts in the Philippines, which will add 5,000 jobs.
Coloma also reported that Marubeni Corp. may help build a 600-megawatt power project in Subic and is also “looking” at the expansion of a railway in Manila, as well as expand some power plants in Luzon.
Earlier on Wednesday, Bloomberg News reported that Yokohama Rubber Co. Ltd. will double its tire production in the Philippines to about 40,000 tires daily by 2017 from the current volume of 20,000, citing Mr. Aquino.
Coloma said Mr. Aquino mentioned future foreign destinations in a meeting with Nikkei President Ryoko Sugita, who had invited him to be a speaker at the Future of Asia forum in Japan on May 24 and 25 next year.
“The President thanked him for the invitation. He said he will ‘seriously consider’ this invitation and hoped that ‘the affairs of state will permit me to accept.’ He said that in 2012, he may likely travel to the Middle East and Europe to meet with Filipino migrant communities,” Coloma said.
The Middle East has the biggest concentration of Filipino workers, mostly in Saudi Arabia, with an estimated 3.1 million Filipinos.
Mr. Aquino had planned to go to Belgium to attend the Asia-Europe Meeting in October last year but canceled the trip after he learned that several other leaders were skipping the event.
Asked about the trips, Presidential Communications Secretary Ramon Carandang said, “They’re still being discussed and there are no details yet.”
(With Mia M. Gonzalez, Bloomberg News)
Least that we(the so called yellow fanatics) be called delusional, not in touch w/ reality, naive and many more....., but in every successful revolution of any growing society are delusional individuals whom the likes of George Washington, Nelson Mandila, Aung San Suu Kyi and many more have inspired. That these delusional not REALIST individuals have come to their senses, put trust in their innate capacity to believe that human goodness will prevail. Sans the likes of these delusional people a prosperous haven that you are into now would have not seen its light..
If believing that someday this nation will be great again is delusions, then so be it..
people can't take the tuwid na daan package because they were slighted that a BO GO president is doing that for them..
This Jack is confused, he thinks delusion = idealism. Idealists bring about change by telling the truth. Delusionals bring about stagnation by telling lies. Idealists tell the hard reality, so that people can be inspired to change that reality. Delusionals create a fantasy, so that people can be fooled into thinking everything is OK when things have gone to hell.
Most important, idealist practices what he preaches and furthermore HARDWORKING with results.![]()
given the chance i love to call myself IDEALIST in constant check w/ reality but one of the likes of you have called me(the supposed yellow fanatic) lost in reality / not in contact w/ reality.
to suffice your needs to name call us, i opted to label myself delusional.. confused.. and many more..
daghan bright boy diri gd,.. pulos yaw2x lang gi-buhat.. and isa ka sa mga bright boy dodong..![]()
Ikaw jack_bauer, brightboy pud ka kay puro ra pod na yawyaw imoha. What do expect people to do on Istorya.net, all we can do here is discuss so that's what we are doing. Bai if you wanna brag about action you are doing to help this country, go to gawad kalinga or some other site, I respect you for that but don't pretend that this site called istorya.net is something that it isn't.
You are not an idealist, but that's just my opinion. That's why I didn't say yellow idealist.![]()
Last edited by monroy; 09-29-2011 at 10:05 AM.
if dli yaw2? then what? RALLY?
in this case,its better to speak than to act na..if u act because of ur emotions,then u are less productive..samot ka-ubos ang pilipinas and it will only show how WEAK our constitution is.
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