Embassy Encourages Japanese Businesses To Invest In The Philippines

Ambassador Jose Laurel V (seated, 4th from left) welcomes a business delegation from the International Friendship Exchange Council

The Philippine Embassy co-organized with the International Friendship Exchange Council (FEC) a seminar on Prospects and Opportunities in the Philippines, which was held on 28 January 2020 at the Philippine Embassy Multi-Purpose Hall.

In his welcome remarks, Philippine Ambassador Jose C. Laurel V called on the business community to help strengthening relations between the Philippines and Japan. “I count on you to establish more business partnerships and help develop strong relations [between our two countries]. We remain optimistic of the prospects ahead and are committed to put in place better strategies and to deepen reforms with the help of partners, such as Japan.”

Deputy Chief of Mission Robespierre Bolivar gave a briefing on Prospects and Opportunities in the Philippines, highlighting the significant growth of the Philippine economy over the last few years and the government’s efforts to ensure that prosperity is shared by all Filipinos.

Deputy Chief of Mission Robespierre Bolivar delivers a briefing on business and investment opportunities in the Philippines

Mr. Bolivar noted that “Sustainable and inclusive development is a priority of the Philippine Government. Over the last three years, the Philippines has reduced unemployment to a 15-year record-low 5.3 per cent, increased by almost 30 per cent the household income for a significant number of families, and decreased by 200,000 the number of people directly affected by disasters. Under its 10-point socio-economic agenda, the Philippine Government has been improving the business climate and is investing significantly in science and innovation and in helping develop the Filipino people’s competitiveness.”

The seminar is part of the FEC’s preparations for the visit of several businessmen to the Philippines from 01-04 March 2020 as part of a two-nation swing which includes Indonesia. The business delegation includes representatives from businesses involved in energy, information technology, transportation, convention services, industrial design, insurance, and hospitality management.

The Embassy has been proactively conducting seminars and briefings on investment, trade, tourism and cultural partnership opportunities in the Philippines for the Japanese business and academic sectors.