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President Marcos says Japanese investments support PH goal of becoming Asia hub
President Ferdinand R. Marcos Jr. on Friday said the billions worth of investment commitments secured during his State Visit to Japan will support the Philippines’ goal of becoming a hub in Asia for high-tech industries, manufacturing, and shipbuilding.
Speaking to reporters during the Kapihan with the Media in Tokyo, President Marcos said many of the agreements forged with Japanese companies focus on industries that will create jobs and prepare the country for future economic opportunities.
“Well, the very first — I suppose the way we could describe it is that we have aspirations to become a hub in Asia,” the President said.
“Because as I keep reminding our potential investors, the Philippines is only four hours away from every major capital in Asia, and that puts us geographically at the center of Asia,” President Marcos added.
The President said the agreements signed during the visit were mostly in semiconductors, shipbuilding, automotive manufacturing, and other high-tech industries.
President Marcos said the discussions also covered battery production, artificial intelligence, and power generation needed to support the country’s growing data center industry.
The President also highlighted the importance of shipbuilding investments, particularly those involving Japanese shipbuilder Tsuneishi.
“It’s Tsuneishi with their investments will continue to produce the number of vessels that they do. They will bring us again to one of the top shipbuilding countries in the world,” President Marcos shared.
“We used to be, I think, number two. I think we’ve fallen back down that ranking. But this will bring us at least to the fourth or third largest shipbuilding country in the world, which is a natural for the Philippines,” the President noted.
According to the President, the agreements with Japanese companies are also aimed at helping the Philippines prepare for future industries through training, infrastructure, and stronger industrial support systems.
President Marcos also said the Philippines and Japan are exploring cooperation in agriculture, smart cities, and other emerging industries.
“Japan is a world leader when it comes to these technologies and to these strategies, and we have a lot to learn from them,” the President said. | PND
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