Sunday, January 4, 2015

Over 40 Japan firms coming in February

Over 40 Japan firms coming in February

More than 40 Japanese companies are visiting the Philippines in February this year as an initial salvo to another year of strong interest from Japanese investors.

Dr. Alfredo M. Yao, President of the Philippine Chamber of Commerce and Industry, said this will be the first major business mission that will visit the country in 2015.



“These 40 Japanese firms are mostly small and medium enterprises engaged in various industries,” Yao said.

Yao said the visiting Japanese firms are considered SMEs in Japan, but in the Philippines they are already big.

According to Yao, more foreign business missions are coming here and keen to invest because they have heard of the good news of this country.

Aside from Japan, PCCI is also targetting Investment missions from Taiwan, Korea and Europe.

To further promote investments into the country, PCCI is undertaking “Kakampi Project,” which aims to entice non-ASEAN businesses to locate in the country.

“We are inviting countries outside of the ASEAN to put their manufacturing hubs in the Philippines and use the Philippines as their hub to export to  ASEAN,” said Yao.

Yao said the Philippines has advantages over other ASEAN countries because of its westernized system of doing business and lifestyle.

“We are mire westernized. Even our laws are patterned on US Law. They are well protected. You can repatriate. We have an open banking system,”  said Yao.

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